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Bank overdraft as a short term source of fund is

Bank overdraft as a short term source of fund is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A An overdrawn account
  • B Granted to a newly opened account
  • C A current liability
  • D Repayable after more than a year
Correct Answer: Option C
Explanation:
current liabilities are financial obligations that due within a year such as creditors, bank overdraft etc.

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