1.

What Are Current Liability Includes?

Answer»

Current Liability includes loans, deposits and BANK overdraft which fall due for payment in a relatively short time, normally not more than 12 months. Following are the current liabilities:

  • Acceptance
  • Sundry Creditors
  • Subsidiary COMPANIES
  • Advance received and unexpired discount
  • Unclaimed dividend
  • Other liabilities
  • Interest ACCRUED but not due on loans

Current Liability includes loans, deposits and bank overdraft which fall due for payment in a relatively short time, normally not more than 12 months. Following are the current liabilities:


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