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Discussion :: Tally

  1. ______ is an example for long term liabilities

  2. A.

     Creditors

    B.

     Debentures

    C.

     Overdraft

    D.

     Bills payable

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    Answer : Option B

    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, debenture etc.


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