Answer:
True.
In accounting, any amount that is due within a year from the balance sheet date is generally considered a current liability. Current liabilities are obligations or debts that a company is expected to settle within one year or one operating cycle, whichever is longer. These liabilities include items such as accounts payable, short-term loans, accrued expenses, and any other financial obligations that the company expects to pay off in the short term.
Step-by-step explanation: