Question : Which of the following are not included in Non - Current liabilities?
Option 1: Long-term Borrowings
Option 2: Deferred Tax Liabilities (Net)
Option 3: Other Long-term Liabilities
Option 4: Trade payable
Answer (1)
21st Jan, 2024
Correct Answer: Trade payable
Solution : Answer = Trade payable
Trade payables are classified as current liabilities because they represent amounts owed to suppliers for goods and services purchased on credit, typically payable within one year. Non-current liabilities are long-term financial obligations that are not expected to be settled within the next twelve months.
Hence, the correct option is 4.
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