Multiple choice

Which of the following is not the current liabilities?

  1. Bank overdraft

  2. Redeemable debentures

  3. Provisions for doubtful debts

  4. Accounts payable
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Redeemable debentures are long-term liabilities, not current liabilities, as they are typically repayable over a period exceeding one year. Bank overdrafts, provisions for doubtful debts, and accounts payable are all standard current liabilities.

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