Which does not come under liabilities?

Bank overdraft

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Income in advance

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Debtors

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Creditors

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Solution

The correct option is C Debtors
Debtors are arises on account of credit sales made to the customers against which payment is to received by the firm in short span of time.

Sundry Debtors are part of current assets and to be shown in balance sheet under the heading current assets.

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