Which one of the following statement is CORRECT about long term liabilities?

Which one of the following statement is CORRECT about long term liabilities? Correct Answer These consist of all debts, payabke after 12 months

Long term liabilities consist of all debts, payabke after 12 months. Long-term liabilities are obligations not due within the next 12 months or within the company's operating cycle if it is longer than one year.

Related Questions

______ are the liabilities which are payable after a long period
---- নীতি অনুসরণ করার কারণে আমরা সম্ভাব্য দায়কে আর্থিক বিবরণীতে প্রদর্শন করে থাকি। (Contingent liabilities are shown in the body of financial statement because we follow the principle of----)
Liabilities are which of the following?
Risk which arises all activities from contingent liabilities and assets is considered as
Type of partnership in which liabilities are limited for business owners is classified as
Risk of financial institutions which states mismatching assets maturities and liabilities maturities is classified as
Type of risk in which value of liabilities and assets is affected by exchange rate is classified as
Position which came in to existence because of holding assets less than liabilities is considered as