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: –


Statement showing the type of Liabilities:

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  


To understand more about Introduction to accounting please check out following links: –

Financial Accounting – Introduction and its Functions

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.