Which of the following is not included in non current liabilities?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) - Trade Payables.
Trade payables is a current liability.
(EQUITY AND LIABILITIES)
1) Shareholder’s Funds
- (a) Share Capital
- (b) Reserves and Surplus
- (c) Money received against share warrants
2) Share Application money pending allotment
3) Non-current Liabilities
- (a) Long term borrowings
- (b) Deferred tax liabilities (net)
- (c) Other long term liabilities
- (d) Long term provisions
4) Current Liabilities
- (a) Short-term borrowings
- (b) Trade payables
- (c) Other current liabilities
- (d) Short-term provisions