📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which of the following is a non-current liability?

    A Bank overdraft repayable on demand Correct Answer Incorrect Answer
    B Short-term provisions Correct Answer Incorrect Answer
    C Trade creditors Correct Answer Incorrect Answer
    D Long-term borrowings Correct Answer Incorrect Answer
    E Outstanding expenses Correct Answer Incorrect Answer

    Solution

    Explanation:
    Non-current liabilities are obligations payable after 12 months . ·         Long-term borrowings clearly fall under this category ·         Others are short-term obligations

    Practice Next
    More Current Financial Awareness Questions

    Relevant for Exams:

    ask-question