Capital
Reserve Fund
Bills Payable
Debenture
Answer is Right!
Answer is Wrong!
The correct answer is C. Bills Payable.
A current liability is a debt or obligation that a company expects to pay within one year. Examples of current liabilities include accounts payable, notes payable, and accrued expenses.
Capital is the total amount of money that a company has invested in its business. It is made up of the company’s equity and its liabilities.
A reserve fund is a type of fund that a company sets aside to meet future expenses or losses. It is not a liability, as it is not a debt that the company owes.
A debenture is a type of loan that a company issues. It is a long-term debt, and it is not considered a current liability.
In conclusion, the correct answer is C. Bills Payable.