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Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option C is the right answer.

Ahmed Abdi Mahad
par Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Choice C, A vague term for loans to be repaid by an enterprise after twelve months in wrong about current liabilities.

Choice D, in working capital, these are deducted from assets is also wrong in about current liabilities. Because in working capital current assets are deducted from the current assets but not not from the total assets.

As we know assets are divided in to two types namely:

current assets and

fixed/plant assets

So, if  I am not wrong, i think "saying in working capital, current liabilities are deducted from assets" will be an incorrect statement about defining current liabilities.

There fore, as to me both choices, C and D are wrong statements about current liabilities

Thanks.

Abid Shahzad
par Abid Shahzad , General Accountant , Gulf Youth Co.For Investment and Real Estate Development Pvt Ltd (Shababco Enterprises PVT LT

A vague term for loans to be repaid by an enterprise after twelve months

Muhammad Ramzan Tufail  ACCA
par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(C) is the right Ans.

 

Thank you 

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