Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Which of the following is a part of current liabilities?

Options:

Cash and Cash Equivalents

Trade Payables

Trade Receivables

Inventories

Correct Answer:

Trade Payables

Explanation:

Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provision
Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short term loans and advances (f) Other current assets