Which of the following items would appear in the current liabilities section of a statement of financial
Question:
Which of the following items would appear in the current liabilities section of a statement of financial position (balance sheet)?
(a) Increase in the provision for doubtful debts
(b) Salespersons’ commission expense of the current year
(c) Accumulated depreciation
(d) Bank overdraft
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d The bank overdraft will appear in the current liabilities An increa...View the full answer
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