Which of the following items is a current liability?
...Which of the following items is a current liability?
Stock of raw material
Cash in hand
Bills payable
Cash at bank
Correct answer is C
Current liabilities are amounts due to be paid to creditors within twelve months.
The following are common examples of current liabilities:
A business extracted its trial balance and discovered that the total of the credit side exceede...
Discount allowed is shown in financial statements as ...
Which of the following is the effect of an increase in the provision for discount allowed? ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
Which of the following affects the accuracy and authenticity of trial balance? ...
The document authorising an officer to incur expenditure is known as ...