classified under which of the following headings?

Accounting standards and company law both influence how assets and liabilities ate classified and presented in financial statements

An amount owing at the year end, due for repayment more from one year from the date that the statement of financial position is being prepared, will be

classified under which of the following headings?
A . Non-current liability
B . Current liability
C . Capital
D . Non-current asset

View Answer

Answer: A