Q135
______ is an example for long term liabilities
A.
Creditors
B.
Debentures
AnswerC.
Overdraft
D.
Bills payable
Answer: Option B
Solution
Answer: Option B
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, debenture etc.