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The debts which are to be repaid within a short period (year or less) are known as

The debts which are to be repaid within a short period (year or less) are known as Correct Answer Current liabilities

The debts which are to be repaid within a short period (year or less) are known as Current liabilities. Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle.

Related Questions

Which one of the following is the correct sequence of various stages of operating cycle of a manufacturing company?  1. Raw material conversion period, work-in-progress conversion period, Finished goods conversion period, Receivables conversion period 2. Raw material conversion period, work-in-progress conversion period, Creditors payment period, Receivables conversion period 3. Creditor payment period. Raw material conversion period, Receivables conversion period, work-in- progress conversion period 4. Raw material conversion period, Finished goods conversion period, work-in- progress conversion period. Receivables conversion period 
Propositions are
1. A son is liable, before partition, for the debts contracted by his father before partition which are not immoral or illegal.
2. A son is liable, after partition, for the debts contracted by his father before partition which are not immoral or illegal.
3. A son is liable, after partition, for the debts contracted by his father after partition which are not immoral or illegal which of the following is true in respect of the aforesaid propositions.
Marshall lent certain amount of money at 10% p.a. simple interest. After a year, Rs. 5500 is repaid and the rest of the amount is repaid at 20% p.a.. If the second year's interest is 11/9 of the 1st year's interest, find how much amount of money lent out initially ?
From the given table, what is the percentage of students scoring 40 or more, but less than 70. Scores Less than 20 Less than 30 Less than 40 Less than 50 Less than 60 Less than 70 Less than 80 No. of Students 12 19 22 31 38 46 50
Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
Meena took a loan of Rs 8000 at 20 percent per annum compound interest compounded semi annually. She repaid the loan after two years. Had she repaid the loan after a year, how much money she could have saved?
Which of the following is/are false about Dishonour of Cheque?
1. Section 138 defines Dishonour of cheque in terms of issues such as insufficiency of funds in the account.
2. Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier.
3. Imprisonment for such offence may be extended for period of five year.
4. Section 138 apply unless - the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
n the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of thefour alternatives. The rising sun has great inner ______. Not just to ______ the new morning right after the dark night, but also the new rhythms and vibrations within existence. Theentire universe – including the trees, birds and flowers – wake up to the rising sun. When we listen to the birds chirping and see the flower petals open, rememberthat the sunrise is not just a great happening on the outside. If we are alert and aware, then the sunrise is also happening deep within us. Something within ourselvesis also ______ with the first rays of the sun. We just need to be sensitive and available; we just need to be ______. Like the outside world, we need to open the inner doorto let the new dawn enter within. Just open the window of our inner world and allow the beautiful experience of sunrise to ______ within ourselves – this experience isbeyond anything earthly. sunrise to ______ within ourselves
From the following table, how many patients were in the age group 40 – 60? Age (years) Less than 10 Less than 20 Less than 30 Less than 40 Less than 50 Less than 60 Less than 70 No. of patients 11 15 22 29 35 45 50
In an international school, 60% of the staff is of teachers and 40% of teachers are earning more than Rs.37,325. If 50% of the school's staff earn more than Rs.37,325 per year, then find which statement is correct. a) Percentage of administrative staff earn Rs.37,325 or less per year is less than 30%. b) Percentage of administrative staff earn Rs.37,325 or less per year is more than 30%. c) Percentage of administrative staff earn Rs.37,325 or less per year is exactly 30%. Select the correct answer.