{"id":103044,"date":"2022-04-25T12:35:36","date_gmt":"2022-04-25T07:05:36","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=103044"},"modified":"2022-04-25T12:35:37","modified_gmt":"2022-04-25T07:05:37","slug":"which-of-the-following-is-the-best-definition-of-a-current-liability","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/which-of-the-following-is-the-best-definition-of-a-current-liability\/","title":{"rendered":"Which of the following is the best definition of a current liability?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. Which of the following is the best definition of a current liability?<\/strong><\/h3>\n\n\n\n<p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An obligation payable within one year<\/p>\n\n\n\n<p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An obligation payable within one year of the balance sheet date.<\/p>\n\n\n\n<p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An obligation payable within one year or within the normal operating cycle, whichever is longer.<\/p>\n\n\n\n<p>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An obligation expected to be satisfied with current assets or by the creation of other current liabilities.<\/p>\n\n\n\n<p>&nbsp;Answer: An obligation expected to be satisfied with current assets or by the creation of other current liabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Which of the following is the best definition of a current liability?<\/p>\n","protected":false},"author":419,"featured_media":103045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3959],"tags":[],"offerexpiration":[],"class_list":["post-103044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-accounting-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/103044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=103044"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/103044\/revisions"}],"predecessor-version":[{"id":103046,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/103044\/revisions\/103046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/103045"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=103044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=103044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=103044"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=103044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}