Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

A company holds a debenture (2020). Which statement about this is correct at 31 December 2016?

  • Aa current liability with a fixed rate of interest
  • Ba current liability with a variable rate of interest
  • Ca non-current liability with a fixed rate of interest
  • Da non-current liability with a variable rate of interest

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