Q361
Which of the following is a long term liability?
A.
Outstanding expenses
B.
Share capital
C.
Debentures
AnswerD.
All of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Debentures is a long term liability. Long-term liabilities are financial obligations of a company that become due more than one year. In accounting, they form a section of the balance sheet that lists liabilities not due within the next 12 months including debentures, loans, deferred tax liabilities and pension obligations.