WAEC Financial Accounting 2023 Question 5

Use the following information to answer questions 4 and 5.
Trade creditors (31/12/2020): $4,000
Paid for purchases in 2021: Cheques $110,000
Carriage inwards: $1,000
Trade creditors (31/12/2021): $6,000
The balance c/d on trade creditors will be recorded in the balance sheet as

1. A.current asset.
2. B.fixed asset.
3. C.long-term liability.
4. D.short-term liability.