Which of the following are current liabilities under UK GAAP

Which of the following are current liabilities under UK GAAP

Which of the following are current liabilities under UK GAAP?

A. Trade payables

B. Bank overdraft

C. Long-term bank loan

D. Accrued expenses

Answer: ABD

Explanation: Current liabilities are due within one year. Trade payables, bank overdrafts and accrued expenses are short-term; long-term loans are non-current liabilities.