Total Liabilities V/s Current liabilities
Total Liabilities V/s Current liabilities refer to all the debts and obligations a company owes, including both current and long-term liabilities. Current liabilities, on the other hand, are debts that are due and payable within a short period of time, typically one year or less.
Some examples of current liabilities are accounts payable, short-term loans, and accrued expenses.
In summary, current liabilities are a subset of total liabilities and represent the portion of a company’s debts that are due in the short term.
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