According to the new Company Act 2013, which of the following is not included in 'Non-current Liabilities'?

Long-term borrowings

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Short-term provisions

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Deferred tax liabilities

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Long-term provisions

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Solution

The correct option is B Short-term provisions
Provision is created to meet the liability of the company. By short term provisions we mean that the provision is created to meet the short obligations/payments. Hence, short term provisions will appear in current liabilities and not in Non-current Liabilities.

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