Long-term provisions are shown under _____

Reserves

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Non current liabilities

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Current liabilities

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None of these

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Solution

The correct option is B
Non current liabilities

Long-term provisions are shown under non-current liabilities.

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Similar questions

Current assets of a business firm should be financed through:

(a) Current liability only

(b) Long-term liability only


Particulars		₹
Share Capital		5,00,000
Reserves and Surplus		2,50,000
Net Fixed Assets		22,50,000
Non-current Trade Investments		2,50,000
Current Assets		11,00,000
10% Long-term Borrowings		20,00,000
Current Liabilities		8,50,000
Long-term Provision		NIL

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