Each Major Class of Creditors and Borrowings Must Be Disclosed

question 64

Multiple Choice

Each major class of creditors and borrowings must be disclosed in the balance sheet. Which of these would not be shown as a class of creditors and borrowings?

• A) taxation liabilities
• B) revenue owing
• C) employee benefits
• D) lease liabilities

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Definitions:

Lack Of Integration

The failure to combine or amalgamate different groups, systems, or processes into a cohesive and functional whole, often leading to fragmentation or isolation.

Assimilation

The process by which individuals or groups adopt the culture, customs, and values of another group, often losing their original identity.

Genocide

Is the intentional extermination of an entire population defined as a “race” or a “people".

Jewish Extraction

Referring to individuals or ancestry originating from Jewish people or culture.