Which of the following are not current liabilities?Bank overdraft.Redeemable debentures.Accounts payable.Provision doubtful debts. (2024)

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Which of the following are not current liabilities?Bank overdraft.Redeemable debentures.Accounts payable.Provision doubtful debts.? ›

Redeemable debentures are not current liabilities.

Summary. A non-current liability refers to the financial obligations of a company that are not expected to be settled within one year. Examples of non-current liabilities include long-term leases, bonds payable, and deferred tax liabilities.

Noncurrent liabilities include debentures, long-term loans, bonds payable, deferred tax liabilities, long-term lease obligations, and pension benefit obligations. The portion of a bond liability that will not be paid within the upcoming year is classified as a noncurrent liability.

Interest revenue is not a liability. It is an income and shown in the income statement. Liabilities due (payable) in more than one year are classified as long-term liabilities.

Debentures are the most prominent example of non-current liabilities. It is primarily a form of long-term debt instrument.

Non-current liabilities are the debts a business owes, but isn't due to pay for at least 12 months. They're also called long-term liabilities. Although payment may not be due within a year, it's important a business doesn't overlook its non-current liabilities.

Current liabilities are the sum of Notes Payable, Accounts Payable, Short-Term Loans, Accrued Expenses, Unearned Revenue, Current Portion of Long-Term Debts, Other Short-Term Debts.

Trade payables are generally classed as current liabilities, since payment is usually expected within 12 months or less.

Notes payable appear as liabilities on a balance sheet. Additionally, they are classified as current liabilities when the amounts are due within a year. When a note's maturity is more than one year in the future, it is classified with long-term liabilities.

In the context of personal finance and business accounting, bills payable may also refer to liabilities that are still outstanding, and so must be paid (such as utility bills or rent). These items are recorded as accounts payable (AP) and listed as current liabilities on a balance sheet.

Is a bank loan a non-current liability? ›

Bank loans: Bank loans are often a type of non-current liability because they are usually paid back over a period of time that is greater than one year. For example, a company may take out a five-year bank loan in order to finance the purchase of new equipment.

Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Answer and Explanation: Current liability does not include long term loans, bank overdrafts, and assets. This is because current liability includes short term financial tasks, that is, obligations in the business, which are less than one year.

Some examples of current liabilities that appear on the balance sheet include accounts payable, payroll due, payroll taxes, accrued expenses, short-term notes payable, income taxes, interest payable, accrued interest, utilities, rental fees, and other short-term debts.

Excluded Current Liabilities means any long-term debt due currently (as used in the Pro Forma Balance Sheet), any retiree obligations included in employee related payables (as used in the Pro Forma Balance Sheet), preferred stock dividends (as used in the Pro Forma Balance Sheet) and accrued incentive plan obligations ...