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Which one of the following statement is CORRECT about Long term liabilities?

A)  These are due within one year

B)  These are consist of all debts, payable after12 months

C)  In working capital, these are deducted from current assets

D)  All of the given options

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Question ajoutée par Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date de publication: 2015/06/11
Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Bilal Bilal Ashraf
par Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

These are consist of all debts, payable after12 months.

Wasim khan wazir
par Wasim khan wazir , Finance Specialist , Mott Macdonald

A long-term liability is a liability due in more than one year. So it should be recorded under non current liabilities head in balance sheet. So, we can Say Option B is correct one

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