-Bank overdraft- should be classified as -

Question

Toppr Admin · Accepted Answer

Correct option is B- Current liabilityLiabilities which are payable within a short period are treated as current liabilities- Examples of current liabilities are Bank overdraft- sundry creditors- bills payable- outstanding expenses etc-160-Bank overdraft should be classified as Current Liability-160-

'Bank overdraft' should be classified as ______________.

Correct option is B. Current liability
Liabilities which are payable within a short period are treated as current liabilities. Examples of current liabilities are Bank overdraft, sundry creditors, bills payable, outstanding expenses etc.

Bank overdraft should be classified as Current Liability.

'Bank overdraft' should be classified as ______________.

Correct option is B. Current liabilityLiabilities which are payable within a short period are treated as current liabilities. Examples of current liabilities are Bank overdraft, sundry creditors, bills payable, outstanding expenses etc. Bank overdraft should be classified as Current Liability.

Correct option is B. Current liability
Liabilities which are payable within a short period are treated as current liabilities. Examples of current liabilities are Bank overdraft, sundry creditors, bills payable, outstanding expenses etc.

Bank overdraft should be classified as Current Liability.