What is the number of major heads of the current liabilities in a balance sheet?

Two

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Three

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Four

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Five

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Solution

The correct option is C
Four

There are four major heads under current liabilities namely

Short-term borrowings

Trade payables

Other current liabilities

Short-term provisions

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Similar questions

Name the major headings under which the equity & liabilities side of a Company's Balance Sheet is organised and presented.

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