16 Views

Question : Creditors are

Option 1: Tangible Fixed Assets

Option 2: Other Current Liabilities

Option 3: Intangible Assets under Development

Option 4: Trade payable


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Other Current Liabilities


Solution : Answer = Other Current Liabilities

Creditors are typically categorized as trade payables, which represent amounts owed to suppliers for goods or services purchased on credit. They fall under the category of Other Current Liabilities in the balance sheet, reflecting short-term obligations that the company must settle within a year.
Hence, the correct option is 2.

Related Questions

Amity University-Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Indus University M.Tech Admis...
Apply
Highest CTC 26 LPA | Top Recruiters: Accenture, TCS, Tech Mahindra, Capgemini, Microsoft
MAHE, Manipal - B.Tech Admiss...
Apply
Last Date to Apply: 15th March | NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #3
Greater Noida Institute of Te...
Apply
NAAC A+ Accredited | Highest CTC 70 LPA | Average CTC 6.5 LPA | 400+ Recruiters
Victoria University, Delhi NCR
Apply
Apply for UG & PG programmes from Victoria University, Delhi NCR Campus
Amity University-Noida BBA Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books