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Current Liabilities

Trade Deposit...

Question

Trade Deposits which are not in the nature of borrowings should be classified separately 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

Trade Deposits which are not in the nature of borrowings should be classified separately under other current liabilities.

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