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Question 89

Which of the following is a current liability?

  1. AMachinery
  2. BDebtors
  3. COutstanding Salary
  4. DFurniture
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Correct answer: (C) Outstanding Salary

Explanation

Outstanding salary is an expense due but not yet paid, payable within the year, so it is a current liability. Machinery and furniture are fixed assets, and debtors are current assets.

From DSSSB TGT Computer Science Practice Set 4

This is question 89 of DSSSB TGT Computer Science Practice Set 4. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.