UK Accounting Glossary
A liability which satisfies any of the following criteria: (a) it is expected to be settled in the entity’s normal operating cycle; (b) it is held primarily for the purpose of being traded; (c) it is due to be settled within 12 months after the balance sheet date.
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Definitions for Current Liability are sourced/syndicated and enhanced from:
This glossary post was last updated: 23rd December 2018.