Which of the following is included in current liabilities in the balance sheet of a company?

A) Share options outstanding account
B) Excess application money due for refund
C) GST payable
D) Debenture redemption reserve
E) Premium payable on redemption of debentures
F) Provision for gratuity
G) Outstanding expenses

Choose the correct answer from the options given below.

BCG

The correct answer is option 2- BCG.

A) Share options outstanding account- RESERVES AND SURPLUS
B) Excess application money due for refund- Current liability
C) GST payable- Current liability
D) Debenture redemption reserve- RESERVES AND SURPLUS
E) Premium payable on redemption of debentures- OTHER LONG TERM LIABILITIES
F) Provision for gratuity- LONG TERM PROVISION (Non current liability)
G) Outstanding expenses- Current liability