Question: Question 5 (7 marks) Required: What is the difference between Current liabilities, Non-Current Liabilities and Provisions (3 marks) ANSWER i): Provide an example of each

Question 5 (7 marks)

Required:

  1. What is the difference between Current liabilities, Non-Current Liabilities and Provisions (3 marks)

ANSWER i):

  1. Provide an example of each type of liabilities from part I) (3 marks).

ANSWER ii):

  1. Why is it important to make the distinction between these type of liabilities? (1 mark)

ANSWER iii):

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