______ are the liabilities which are payable after a long period

A. Fixed liabilities

B. Miscellaneous expenditure

C. Current liabilities

D. Contingent liabilities

Answer: Option A

Solution(By Examveda Team)

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.