Which of the following is a current liability?

Accounting Mcqs 21/07/2021

A. Prepaid expenses
B. Trademark
C. Discount on issue of shares
D. Outstanding Salaries

Outstanding salaries are short term obligations expected to be paid off during the short period of time. So, it is a current liability. Prepaid expenses, trademark and discount on issue of shares are assets. Hence, D. is correct answer

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