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Question
"Interest accrued and due on debentures" is shown ______.
Options
under debentures.
as current liabilities.
as provisions.
as a reduction of bank balance.
MCQ
Fill in the Blanks
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Solution
"Interest accrued and due on debentures" is shown as current liabilities.
Explanation:
Interest accrued and due on debentures is an amount already payable by the company, so it is shown under Current Liabilities.
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