Long term debts should be shown under current liabilities in the Balance Sheet if the long term liabilities are repayable within the period of12 months from the balance sheet date.
من قبل
Payal Seth , Financial Analysis and Tax Processor , SKP e-solutions Pvt Ltd
Long-term debt should be included in the current section of balance sheet if it matures within the year (include the current portion of long term debt).
من قبل
Frank Avitia , Managing Director , AIS Investment Services
In accounting, a current asset is an asset which can either be converted to cash or used to pay current liabilities within12 months.
So the answer to the question is - (2) Long-term debt should be included in the current section of balance sheet if it matures within the year.