Question

Bank Loan is shown in the Equity and Liabilities side of Balance Sheet under the head ___ and sub-head ___ .

• A. Non-current Liabilities, Short term Borrowing
• B. Current Liabilities, Short-term Borrowings
• C. Non-current Liabilities, Long-term Borrowings
• D. Fixed, Current-liabilities

Answer 1

The correct option is C Non-current Liabilities, Long-term Borrowings

Bank Loan is shown in the Equity and Liabilities side of Balance Sheet under the head Non-current liabilities and sub-head Long-term borrowings.