Arrears of wages
Redeemable preference share
Share premium
Provision for machinery depreciation
Answer is Wrong!
Answer is Right!
The correct answer is: A. Arrears of wages.
A current liability is a debt or obligation that a company expects to pay within one year. Arrears of wages are wages that have not been paid to employees for work that they have already done. They are a current liability because the company is expected to pay them within one year.
Redeemable preference shares are shares that a company can buy back from shareholders at a specified date. They are not a current liability because the company does not have to pay them back immediately.
Share premium is the amount of money that a company receives when it
class="youtube-subscribe-button"> Subscribe on YouTube