Which of the following is a current liability?

Capital
Reserve Fund
Bills Payable
Debenture

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.

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