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Question

Current Liabilities are reclassified into major sub-heads.

A
two
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B
three
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C
four
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D
five
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Solution

The correct option is C four
Current Liabilities are reclassified into the following four major sub-heads:
(a) Short-term Borrowings
(b) Trade payables
(c) Other Current Liabilities
(d) Short-term Provisions

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