Grade 9 November Exams > EMS- Liabilities > Flashcards

EMS- Liabilities Flashcards

(3 cards)

Study These Flashcards
1
Q

Liability

A

Money owed to an enterprise or financial institution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Non-current

A

Long term, >12 months
Takes longer an a year to repay.
Loan and mortgage loan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Current

A

Short term, <12 months

Paid for within a year

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
Grade 9 November Exams
flashcards
Decks in class (186)
# Cards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2026 Bold Learning Solutions. Terms and Conditions