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  1. ______ are the liabilities which are payable after a long period

    2. A.

     Fixed liabilities
    B.

     Miscellaneous expenditure
    C.

     Current liabilities
    D.

     Contingent liabilities

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    Answer : Option A

    Explanation :

    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.

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