Which of the following items is shown under the head lsquo Current Liabilities rsquo while preparing...........

Which of the following items is shown under the head ‘Current Liabilities’ while preparing the Balance Sheet of a company?

Securities Premium Reserve

Debentures

Livestock

None of the above

- Option 1: Securities Premium Reserve is an equity account, under shareholders' funds, not a current liability.

- Option 2: Debentures are typically considered a long-term liability rather than a current liability, as they are repayable after more than a year.

- Option 3: Livestock is an asset, not a liability, and would appear as part of a company's inventory if applicable.

- Option 4: None of the above is indeed correct for what's shown under 'Current Liabilities' as none of the options are a part of this category.

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