Question

Public deposits appear in a Company’s balance sheet under ______.

Options

• Intangible Assets

• Current Liabilities

• Long-term Provisions

• Long-term Borrowings

Answer 1

Public deposits appear in a Company’s balance sheet under long-term borrowings.

Explanation:

Public Deposits are funds borrowed by a company from the public for a fixed period. These are generally:

• Taken for more than 12 months, and
• Hence classified as long-term liabilities, unless repayable within a year.