Which of the following is not a current liability in the balance sheet ?

Loan from bank

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Acceptance

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Unclaimed dividend

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Interest accrued but not due on loan

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Solution

The correct option is A Loan from bank
Loan from a bank is a long term liability which need not to be paid within a year. Current liabilities are those which are expected to be paid in next 12 months.
Hence Bank Loan is not a current liability.

Suggest Corrections

(i) Bonds;	(ii) Debentures
(iii) Public Deposits;	(iv) Capital Redemption Reserve;
(v) Forfeited Shares Account:	(vi) Sundry Creditors; and
(vii) Interest Accrued but Not Due on Debentures?