Question
Give some examples of Current Liabilities.

Answer

  1. Bank overdrafts
  2. Accounts Payable:
  1. Creditors.
  2. Bills payable.
  1. Outstanding Expenses: wages, rent, commission, etc.
  2. Income received in advance.
  3. Dividend Payable.
  4. Provision for doubtful debt.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free