Bank Overdraft and cash credit are shown under which head in the company’s Balance Sheet?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- Short term Borrowings.
Bank Overdraft and cash credit are shown under Short term Borrowings in the company’s Balance Sheet.
*Current Liabilities are classified as (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions