Discuss the concept for short-term obligations

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Define each term, always in relation to accounting. Use references and APA style. Please avoid plagiarism. The terms are:

  1. Short-term obligations
  2. Contingent liabilities
  3. Payroll
  4. Liquidity of the business
  5. Withholdings
  6. Internal Control System
  7. Obligations
  8. Accounting and disclosure requirements

Reference no: EM132449891

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