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Match the Following: -Internal

question 109

Multiple Choice

Match the following:
-Internal


Definitions:

Credits

In accounting, credits refer to the side of an account that decreases assets or increases liabilities and equity.

Working Capital

The amount of a company's current assets minus its current liabilities, indicating the short-term liquidity position of the company.

Current Liabilities

Obligations or debts that a company is expected to pay off within one year or within its operating cycle, whichever is longer.

Current Assets

These are short-term assets likely to be converted into cash, utilized, or sold within the business cycle or a year.

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