Current liabilities include:
(A) Trade receivables
(B) Unclaimed dividend
(C) Interest accrued but not due on loan
(D) Acceptances
(E) 12% debentures redeemable after four years
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (B), (C) and (D) only
Current liabilities are obligations payable within 12 months or the operating cycle:
(A) Trade receivables — False. These are amounts due from customers, a current asset.
(B) Unclaimed dividend — True. Dividend declared but not yet claimed is payable on demand, an other current liability.
(C) Interest accrued but not due on loan — True. Interest owed for the period is payable soon, an other current liability.
(D) Acceptances — True. Bills accepted are bills payable, part of trade payables.
(E) 12% debentures redeemable after four years — False. They are payable after more than 12 months, a long-term borrowing.
NCERT (2026-27 edition): NCERT (2026-27 edition):
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