Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Which of the following is not a subhead of Current Liabilities?

Options:

Short Term Provisions

Trade Payables

Other Current Liabilities

Deferred Tax Liabilities

Correct Answer:

Deferred Tax Liabilities

Explanation:

The correct answer is option 4- Deferred Tax Liabilities.

Deferred Tax Liabilities is included in non current liabilities.


Current Liabilities: (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions