Instalment of principal amount of long term loan payable within next 12 months is shown under Balance Sheet of a company under the heading ............

CS Executive · Corporate and Management Accounting · PYQS · June 2024
Instalment of principal amount of long term loan payable within next 12 months is shown under Balance Sheet of a company under the heading ............
(A) Non-current assets
(B) Non-current liabilities
(C) Current assets
(D) Current liabilities

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Financial Accounting

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