Interest accrued but not due on loan should be included under ________________.

Current Liabilities

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Provisions

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Loan account

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Capital account

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Solution

The correct option is A Current Liabilities
Interest accrued but not due on loan should be included under the head current liabilities as it is an obligation on the part of the company and has to be met within a period of 12 months and hence will be regarded as a current liability.

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Interest accrued but not due on loan should be included under ________________.

The correct option is A Current LiabilitiesInterest accrued but not due on loan should be included under the head current liabilities as it is an obligation on the part of the company and has to be met within a period of 12 months and hence will be regarded as a current liability.

The correct option is A Current Liabilities
Interest accrued but not due on loan should be included under the head current liabilities as it is an obligation on the part of the company and has to be met within a period of 12 months and hence will be regarded as a current liability.