Question

Current liabilities include

• A. Sundry creditors
• B. Outstanding expenses
• C. Bills payable
• D. All of these

Hint:

Each item listed is a short-term obligation, so together they are all current liabilities.

Answer 1

The Correct Option is D

Step 1: Test whether any item is long-term instead:
None of sundry creditors, outstanding expenses, or bills payable is normally carried beyond a year, so none should be classified as a non-current (long-term) liability.

Step 2: Conclude by inclusion, not elimination:
Since every one of the three items independently satisfies the short-term criterion, the complete option covering all of them is correct rather than any single item alone.

Final Answer:
(D) All of these.