Question:
Which of the following item is not included in Account group - loans (liabilities) in the Account group of Balance Sheet ?
Which of the following item is not included in Account group - loans (liabilities) in the Account group of Balance Sheet ?
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Sundry creditors are trade liabilities, not loans. Loans refer to borrowings like secured or unsecured loans.
Updated On: Jul 4, 2025
- Bank overdraft
- Sundry creditors
- Unsecured loans
- Secured loans
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The Correct Option is B
Solution and Explanation
Sundry creditors are categorized under “Current Liabilities” but are not grouped under “Loans (Liabilities).” Loans include secured, unsecured, or overdraft facilities. Sundry creditors represent payables to suppliers and thus fall under a different category of liabilities.
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