Whether Current Liabilities will be taken into consideraion while calculating Debt Equity Ratio in Trading co.

Answer 1

Generally not unless your are calculating total debt to equity including ST debt. But things like accounts payable, etc. should never be included in that calculation.

Answer 2

All your debt and equity will be taken into consideration whether it is long term or short term. If it is short term and the d/e ratio is calculated at the end of the year then short term liabilities might have been relinquished so it doesn't appear like you say. If it is the middle of the year it appears.