Respuesta :
A current liability is generally classified as accounts payable.
What is meant by current liabilities?
All liabilities of the company that must be settled in cash within the fiscal year or the operating cycle of a specific company, whichever is longer, are commonly referred to as current liabilities in accounting.
A balance sheet's current liabilities column lists the debts that must be repaid by a corporation within a year. Contrary to current assets, which are frequently utilized to pay for them, these debts are not liquid.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.
Therefore, the correct answer is option d. accounts payable.
The complete question is:
Which one of the following is generally classified as a current liability?
a. intangible assets
b. prepaid insurance
c. accounts receivable.
d. accounts payable.
To learn more about current liability refer to:
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