Question

    As per Schedule III of Companies Act, which of the

    following is not shown under ‘Other Current Liabilities’?
    A Current maturities of long-term debt Correct Answer Incorrect Answer
    B Advances from customers Correct Answer Incorrect Answer
    C Interest accrued but not due Correct Answer Incorrect Answer
    D Trade receivables Correct Answer Incorrect Answer

    Solution

    Trade receivables are shown as Current Assets, not under Other Current Liabilities.

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