Business finance: The ultimate guide for non-finance people
BMT Office Administration
JUNE 26, 2023
Businesses have to incur lots of expenditures just to operate, including payroll , acquiring assets like vehicles & real estate, and day-to-day expenses (like a restaurant maintaining their inventory of condiments, food ingredients, and beverages). If the repayment period is less than 12 months, it’s considered a short-term liability.
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