Current Liability includes loans, deposits and bank overdraft which fall due for payment in a relatively short time, normally not more than 12 months. Following are the current liabilities:
o Acceptance
o Sundry Creditors
o Subsidiary Companies
o Advance received and unexpired discount
o Unclaimed dividend
o Other liabilities
o Interest accrued but not due on loans
Explain adjustments for saving a/c of branches and Head Office?
Do you know what is about Future Period and Adjustment Period?
Do you know what is meant by business?
General Ledger Questions Part 1
General Ledger Questions Part 2
Explain Break Even Point. How does BEP help in making business decision?
Explain P/V ratio and Contribution?
What is P/V Ratio?
What is Contribution?
Explain Evaluation of Performance?
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