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In the balance sheet of a company, amounts due to the suppliers of goods and services brought on credit, will reflect under the head —————–.

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Question:

In the balance sheet of a company, amounts due to the suppliers of goods and services brought on credit, will reflect under the head —————–.

A.

loans and advances

B.

current liabilities and provisions

C.

miscellaneous expenditure school of distance education financial markets page 4

D.

contingent liabilities

Answer» b. current liabilities and provisions

Note: The above multiple-choice question is for all general and Competitive Exams in India.