Which of the following is a long term liability?

A Outstanding expenses
B Share capital
C Debentures
D All of the above

Correct Answer: Debentures

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.
Bissoy MCQ
#Commerce #Accounting

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