following is not a
quick liability
1)unclaimed dividends
2)public deposits
3)bank overdraft
4)advance received
Answers
Answer:
option B is the correct answer for your question
Explanation:
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Answer:
Public deposits is not a quick liability.
Explanation:
Current liabilities, otherwise called quick liabilities, are obligations or commitments that should be paid soon. Current liabilities ought to be firmly watched by the board to guarantee that the organization has sufficient liquidity from current resources to ensure that the obligations or commitments can be met.
Examples of current liabilities:
- Creditor liabilities
- Interest payable
- Personal assessments payable
- Bills payable
- Bank account overdrafts
- Accumulated costs
- Transient credits
Public deposits go under the drawn-out borrowings as they are taken for in excess of a monetary period.
Pay that is received in advance is a liability on the grounds that the organization that got the cash has not yet procured it and it has a commitment (a liability) to convey the connected labour and products later on.
Bank overdraft is considered as a current liability that is payable inside the current bookkeeping period.
Unclaimed dividend is to be paid by the organization as and when requested and henceforth is a liability for the organization. It is a current liability on the grounds that typically must be met in 12 months or less.