Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Under which head of the balance sheet is 2% Debentures shown which are matured in 9 months?

Options:

Current liabilities

Short-term Loan

Non- Current Liability

Share Capital

Correct Answer:

Current liabilities

Explanation:

Debentures are shown in the balance sheet of the company under the long-term loan. As these debentures are redeemed in 9 months so these are current liabilities.