Download App

Analysis of Financial Statements — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAnalysis of Financial Statements1 Mark
Question
Give three examples of current liability.
✓

Answer

Examples of current liability are Sundry creditors, Bills payable, Bank overdraft, Short-term loans, etc.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer in One Sentence" from Analysis of Financial Statements→Analysis of Financial Statements — all question types→Book Keeping & Accountancy STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Why wages paid for the installation of machinery are not shown in Trading Account?
→
What is General Reserve or Reserve Fund?
→
Why is retiring partner’s capital account credited with goodwill?
→
What is the relationship between drawer and drawee?
→
When is the gain ratio required to be calculated?
→
How would you treat general reserve on the death of a partner?
→
Define : ‘Partnership’ as per the Indian Partnership Act 1932.
→
State the formula of Cost of goods sold.
→
Write the names of equipment that are included in the Hardware.
→
What is Realisation Account?
→