Which of the following is not a current

CUET Preparation Today

Start Free Mocks

Home Questions NX66H57KSS

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Which of the following is not a current liability as per Schedule III of the Companies Act 2013?

Options:

Trade Payable

Interest on Loans

Bank Overdraft

Prepaid Expenses

Correct Answer:

Prepaid Expenses

Explanation:

Prepaid Expenses is a current asset.