Q134
______ are the liabilities which are payable after a long period
A.
Fixed liabilities
AnswerB.
Miscellaneous expenditure
C.
Current liabilities
D.
Contingent liabilities
Answer: Option A
Solution
Answer: Option A
Solution:
Fixed Liabilities are mostly called non- current or long -term liabilities. These refer to the liabilities which are payable after one year. Example may include term loan, bonds, etc.