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Question

The portion of long term debts / lease obligations, which is due for payments within twelve months of the reporting date is required to be classified under ______


A

Trade payables

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B

Short term borrowings

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C

Other current liabilities

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D

All of these

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Solution

The correct option is C

Other current liabilities


The portion of long term debts / lease obligations, which is due for payments within twelve months of the reporting date is required to be classified under other current liabilities.


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