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Commerce · Q19

Accounting

Graduate and Post Graduate · Commerce · question 19

Q19

The following is (are) the current liability (ies)

A.
Bills payable
B.
Outstanding expenses
C.
Bank Overdraft
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Bills payable, Outstanding expenses and Bank Overdraft are the current liabilities.