Accounting · Financial Statements

Liability for bills discounted but not yet matured is classified as a:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Contingent Liability✓
2Current Liability
3Fixed Liability
4Non-current Liability

Correct answer

Contingent Liability

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Liability for bills discounted but not yet matured is classified as a:

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