Question

Ques no. 14 : Bank Loan is a current liability​

Answer 1

Explanation:

Examples of Current Liabilities

Short-term debt such as bank loans or commercial paper issued to fund operations. Dividends payable. Notes payable—the principal portion of outstanding debt. Current portion of deferred revenue, such as prepayments by customers for work not completed or earned yet

Answer 2

Explanation:

Examples of Current Liabilities

Short-term debt such as bank loans or commercial paper issued to fund operations. Dividends payable. Notes payable—the principal portion of outstanding debt. Current portion of deferred revenue, such as prepayments by customers for work not completed or earned yet.