Abstract
Current liabilities refer to liabilities that are expected to liquidate within a year or normal operating cycle, whichever is longer. Whereas working capital, sometimes called net working capital represents the excess of current assets over current liabilities and identifies the relatively liquid portion of total enterprise capital which constitutes a margin or buffers for meeting obligations within the ordinary operating cycle of the business.
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ARB 43: Restatement and Revision of Accounting Research Bulletins—Chapter 3.
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Lessambo, F.I. (2018). Short-Term Liabilities and Working Capital. In: Financial Statements. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-99984-5_6
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DOI: https://doi.org/10.1007/978-3-319-99984-5_6
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-99983-8
Online ISBN: 978-3-319-99984-5
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