wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Consider the following items :
i)Debentures
ii)Prepaid rent
iii)Interest accrued
iv)Bank overdraft
Which of them are current liabilities?

A
(i), (ii), (iii) and (iv)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
(iv)
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
(ii), (iii) and (iv)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
(i), (ii) and (iii)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A (iv)
i)Debentures- Long Term Liability
ii)Prepaid rent- Current Assets
iii)Interest accrued- Current Assets
iv)Bank overdraft- Current Liabilities.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Non-Current and Current Liabilities
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon