What do typical current liabilities include?

Question

a. Prepayments by customers.

b. Travel advances to employees.

c. The principal portion of a mortgage note that is due beyond one year or the operating cycle, whichever is longer.

d. Accumulated depreciation.

Mahmoud Hamid · Answer

a- prepayments/ adance by customers account is a current liability

Nadeem Mohammed · Answer

Prepayments by customers because it is unearned revenue

elibert singson · Answer

a. prepayments by customers

Jafar Ali Wahed Mohammed · Answer

a) Prepayments by customers as these are in the nature of current liabilities.

Ali AlJaafreh · Answer

The answer is: A. Prepayments by customers.