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Which of the following is a long term liability

This question belongs to Commerce Accounting
Accounting
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Which of the following is a long term liability?

Answer & Solution
Correct Answer: Option C
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.
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1 Comment
Gagan Yadav
Gagan Yadav 5 years ago
i think share capital is also a long term liability as debentures, so i find the question, incorrect
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