Interest accrued and due on borrowings shall be shown under _____

Trade payables

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Short term provisions

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Other current liabilities

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All of these

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Solution

The correct option is C
Other current liabilities

Interest accrued and due on borrowings shall be shown under other current liabilities because it is paid within 12 months. Therefore it is shown under other current liabilities.

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From the followng information, prepare Cash Flow Statement for Dainik Jagran:
$\begin{matrix} Particulars & Note & 31-03-2017 & 31-03-2017 No. & (Rs) & (Rs) I . Equity and Liabilities (1) Shareholder's Funds (a) Share Capital & 5, 00, 000 & 7, 00, 000 (b) Reserve and Surplus & 2, 00, 000 & 3, 50, 000 (2) None-currnt Liabilities Long term Borrowings (12 % b a n k l o a n) & 1, 00, 000 & 50, 000 (3) Current Liabilities (a) Trade Payables & 50, 000 & 45, 000 (b) Other Current Liabilites (Outstanding rent) & 5, 000 & 7, 000 (c) Short Term Provisions & 1 & 80, 000 & 1, 20, 000 Total & 9, 35, 000 & 12, 72, 000 I I . Assets (1) Non-current Assets (a) Fixed Assets Tangible & 2 & 5, 00, 000 & 5, 00, 000 (b) Fixed Assets Intangible & 1, 00, 000 & 95, 000 (c) Non-current Investments & - - - & 1, 00, 000 (2) Currnet Assets (a) Trade Receivables & 80, 000 & 1, 20, 000 (b) Inventories & 50, 000 & 1, 30, 000 (c) Cash and Cash Equivalents & 2, 05, 000 & 3, 27, 000 Total & 9, 35, 000 & 12, 72, 000 \end{matrix}$

Notes to Accounts :
$\begin{matrix} Particulars & 31st March,2017 & 31st March,2018 1. Short-term Provisions Proposed Dividend & 50, 000 & 70, 000 Provision for Taxation & 30, 000 & 50, 000 Total & 80, 000 & 1, 20, 000 2 Fixed Assets Tangible Furniture & 3, 00, 000 & 2, 70, 000 Equipments & 2, 00, 000 & 2, 30, 000 ‘ Total & 5, 00, 000 & 5, 00, 000 \end{matrix}$

During the year, equipment costing Rs 80,000 was purchased. Loss on sale of equipment amounted to Rs 5,000. Depreciation of Rs 15,000 and Rs 3,000 were provided for equipment and furniture respectively.

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Interest accrued and due on borrowings shall be shown under _____

The correct option is C Other current liabilities Interest accrued and due on borrowings shall be shown under other current liabilities because it is paid within 12 months. Therefore it is shown under other current liabilities.

The correct option is C
Other current liabilities

Interest accrued and due on borrowings shall be shown under other current liabilities because it is paid within 12 months. Therefore it is shown under other current liabilities.