Out of the choices provided above, it can be concluded to state that the short-term debt accounts of an organization is composed of its current liabilities. Therefore, the option B holds true.
The current liabilities of an organization can be referred to or considered as the liabilities of an organization, which are due for repayment within the current year of the financial operations of the organization. It does not include loans to be repaid over a period of more than one year.
The balance sheet of an organization's financial statements consists of sub-headers such as the short-term debts in the headers of liabilities. These short-term debts are to be repaid within the year of financial operations as on the date of balance sheet.
Therefore, the option B holds true and states regarding the significance of current liabilities.
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The missing choices are added below
Current Assets
Current Liabilities
Bad debts
All of these
