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SSC Audit Tax Finance P-II QUESTION #6164
Question 1
According to the 'Percentage of Sales' forecasting method, which of the following is generally classified as 'Spontaneous Financing'?
  • Long Term Bonds
  • Retained Earnings
  • Accounts Payable✔️
  • Mortgage Loans
Correct Answer Explanation
Lesson 05 states that Current Liabilities like Accounts Payable generally grow in proportion to sales and are called Spontaneous Financing.