Question

Liabilities in balance sheet include which of the following items?

• A. Long-term loan
• B. Short-term loan
• C. Owner's fund
• D. All of the above

Answer 1

The correct option is D All of the above

Balance sheet has two sides i.e. assets and liabilities. Liabilities may includes the following items:

Capital /Owner's fund

Reserves & Surpluses

Loans & Advances

Long Term Loans

Short Term Loans

Outstanding Expenses

Current Liabilities