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Home/Practice questions/Accountancy Part B

Accountancy Part BFinancial Statements of a Company

Under which head do 'Public Deposits' appear in the company's Balance…

Under which head do 'Public Deposits' appear in the company's Balance Sheet?

Answer & explanation+

Correct answer: option 4

Public Deposits are shown under the Head Non-Current Liabilities and under the sub-head Long- term Borrowings.

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