Question No 04 Chapter No 1 – USHA Publication 11 Class

Question No 04 Chapter No 1

Question No 04 Chapter No 1

4. From the following, identify the type of liabilities :

Long term loans; Creditors; Bills payable; Bank overdraft; Bonds; Bills endorsed on behalf of the Customer; Public deposits; Salary Due; Rent received in advance.

 

The solution of Question No 04 Chapter No 1: –

 
Fixed Liabilities
Current Liabilities Fictitious Liabilities
Long term loans Creditors Bills endorsed on behalf of a customer
Bonds Bills payable  
Public Deposits Bank overdraft  
  Salary due  
  Rent received in advance  

 

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