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Develop a process chart for a manual car wash.
Interest Payable
Refers to the amount of interest that has been incurred on borrowed funds but has not yet been paid out to the lender as of the reporting date.
Current Liabilities
Obligations that a company must pay within the coming year or within its normal operating cycle, indicating the company's short-term financial responsibilities.
Non-current Liabilities
Long-term financial obligations listed on a company's balance sheet that are not due within the next 12 months, such as loans, leases, and bond repayments.
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