Which of these is not normally regarded as a current liability?
A) Accounts payable
B) GST collected
C) Mortgage
D) Bank overdraft

Question

Quizplus · Accepted Answer

Accounts payable, GST collected, and bank overdraft are all examples of current liabilities, meaning they are obligations that are due within a year. A mortgage, on the other hand, is a long-term liability as it has a repayment term that goes beyond a year.

Which of These Is Not Normally Regarded as a Current