Quiz – Current Liabilities – MCQ – Accounting Capital Premium

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Time Limit: Unlimited
Level: Easy to Medium
Question Type: MCQs
Passing Score: 90%
No. of Questions: 14

Quiz – Current Liabilities – MCQ

Current liabilities are shown in _____.

Part of long-term loan which is payable within the current year becomes a current liability.

Paying trade payables increases the current liabilities of a business.

Working capital increases with rise in current liabilities.

Current liabilities = _____, if Bank Overdraft = 5,000, Debentures = 3,000, Accounts Payable = 2,000.

Wages payables are current liabilities.

Bank overdraft is a current liability.

Which of these is a current liability?

Which of the following is not a current liability?

Companies mostly utilize _____ to pay off current liabilities.

_____ is a current liability.

Mostly, current liabilities are _____ obligations.

Current liabilities are obligations of a company which are payable _____.

_____ = Current Assets – Current Liabilities.

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