New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    ‘‘Interest accrued & due on debentures’’ is

    shown ...................... .
    A Under debentures Correct Answer Incorrect Answer
    B As other current liabilities Correct Answer Incorrect Answer
    C As provisions Correct Answer Incorrect Answer
    D As a reduction of bank balance Correct Answer Incorrect Answer

    Solution

    "Interest accrued & due on debentures" is typically shown in the financial statements under the category of "Other current liabilities." This represents an amount that the company owes in the form of accrued interest on its debentures, which is a short-term liability.

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