Under which head do 'Public Deposits' ap

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Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

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

Options:

Tangible Assets.

Reserves and surplus

Current Liabilities

Non-current Liabilities

Correct Answer:

Non-current Liabilities

Explanation:

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