Which of the following is a current liability

Related MCQs

• Which of the following is a current liability?
• Which of the following is a liability of a firm?
• Which of the following is not a contingent liability?
• Which of the following statements is/are true? (i) An error in casting the subsidiary books is an error of commission (ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors (iii) Mistake in transferring the balance of an account to the Trial Balance will not affect the agreement of the Trial Balance (iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a Trial Balance
• Which of the following is not a contingent liability?
• The beginnings inventory of the current year is overstated by ` 5,000 and closing inventory is overstated by ` 12,000. These errors will cause the net income for the current year by
• Excess of current asset over current liabilities is known as _________ capital
• The following is not a type of liability
• The original cost at which an asset or liability is acquired is known as --------
• The company in which the liability of members is liable to pay the agreed amount at the time of winding up is called as …………..