Examlex
All functions must begin with the ________ character.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.
Current Liabilities
Financial commitments that need to be settled within a year or during the regular operation period of a company.
Current Assets
Assets that a company expects to convert into cash, sell, or consume within one year or its operating cycle, whichever is longer.
Closing
The process of finalizing accounts at the end of an accounting period, transferring temporary account balances to permanent ones.
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