Public Deposits appear in a company's balance Sheet under:
a, Intangible Assets b. Current Liabilities c. Long Term provisions d. Long Term Borrowings
WS
Answers
Answered by
3
Answer:
(d) Long term borrowing.
Explanation:
Because Public deposits are non-current liability and could not pay in a financial year.
I hope this will help you friend.
Give me a thanks please and mark me as brainleist.
Answered by
0
d.) Long Term Borrowings.
- Deposits made directly to an institution by members of the public are known as public deposits. Companies provide higher interest rates than banks do on public deposits.
- People who decide to make a deposit at an organisation fill out the required documentation. A company may issue a specific type of debt acknowledgement known as a deposit receipt.
- Utilizing public deposits allows businesses to meet their short- and medium-term financial needs. Depositors earn more interest than banks do, therefore businesses can borrow money for less money than they would pay banks.
- The organisation and the depositors benefit from the deposits. Ordinarily, it is allowed to accept public deposits for up to three years.
- Public deposits cannot be used by a firm for long-term financing because of their short maturity duration of between six months and three years. Collecting a significant number of public deposits, especially if they are large deposits, may be difficult.
Hence, option d is correct.
Learn more here
https://brainly.in/question/27256049
#SPJ3
Similar questions