please help me?what is the differrence between non current and current liabities?
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statement of financial position
15y ago#1the due date for settling the debt.
If it falls due for settlement within the 12 months after the company's year end, then it's a current liability. If the settlement date is more than 12 months into the future, then it's a non-current liability
If it falls due for settlement within the 12 months after the company's year end, then it's a current liability. If the settlement date is more than 12 months into the future, then it's a non-current liability
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