Define long term liabilities which heads are included under it-00103
This subjective question is related to the book/course
vu bio201 Cell Biology.
It can also be found in
vu bio201 Mid Term Solved Past Paper No. 2.
Question 1: Define long term liabilities & which heads are included under it.
Answer:
Long Term Liabilities
Long Term Liabilities are all those liabilities that will become due for payment after a period of 12 months from the balance sheet date.
Long Term Liabilities may include any or all of the following heads:
Long term financing Debentures Liabilities against assets subject to finance lease; Long term modaraba; Long term deposits; and Deferred liabilities.
