Which of the following is a long term liability?
A. Outstanding expenses
B. Share capital
C. Debentures
D. All of the above
Answer: Option C
Solution(By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
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i think share capital is also a long term liability as debentures, so i find the question, incorrect