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Consider the following items:
1. Short-term Loans
2. Prepaid rent
3. Accrued interest 
4. Bank overdraft
Current liabilities would include: 
A

2, 3 and 4


B

1, 2 and 3


C

1 and 4


D

1, 2, 3 and 4

Approved answer
Correct option is C)

Liabilities which are payable within a short period are treated as current liabilities. Examples of current liabilities are Bank overdraft, sundry creditors, bills payable, outstanding expenses,short term loans etc.

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Best answer

Consider the following items:
1. Short-term Loans
2. Prepaid rent
3. Accrued interest 
4. Bank overdraft
Current liabilities would include: 
A

2, 3 and 4


B

1, 2 and 3


C

1 and 4


D

1, 2, 3 and 4

Approved answer
Correct option is C)

Liabilities which are payable within a short period are treated as current liabilities. Examples of current liabilities are Bank overdraft, sundry creditors, bills payable, outstanding expenses,short term loans etc.

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