Fill in the blanks with appropriate meaningful terms/concepts. Related topic: Current Liabilities (marks: 1.5)

A general thing used to differentiate the current from non-current liabilities is a companys typical----------------- sometimes also called as -----------------.

Current liabilities are reported on the ------------------- whereas the --------------- in current liabilities from the beginning of an accounting period to the end are reported on the ------------ as part of the ------------------.