Financial Statements Of A Company

What is the number of major heads of the current liabilities in a balance sheet?
A. Two
B. Three
C. Four
D. Five

 Next Question
Answer: Option C
: C

There are four major heads under current liabilities namely
  • Short-term borrowings
  • Trade payables
  • Other current liabilities
  • Short-term provisions

Submit Solution

Your email address will not be published. Required fields are marked *