Question : If any long-term borrowings (Debentures ) redeemable after 15 years from the date of issue are shown as
Option 1: Short – term Borrowings
Option 2: Other Long-term Liabilities
Option 3: Long -term Borrowings.
Option 4: Other current liabilities
Correct Answer: Other Long-term Liabilities
Solution : Answer = Other Long-term Liabilities
The long-term borrowings (debentures) redeemable after 15 years from the date of issue would typically be categorized as "Other Long-term Liabilities" on the balance sheet. This classification reflects their long-term nature and distinguishes them from short-term borrowings or current liabilities, which have shorter redemption periods. Hence, the correct option is 2.
Question : Which of the following statements is false?
Question : Which of the following are not included in Non - Current liabilities?
Question : Which of the following are included in Non - current liabilities?
Question :
If 10,000, 9% Debentures of Rs. 100 each are issued on 1st April, 2019 redeemable on 31st January, 2021. These debentures will be shown as ------------- under the head ---------- in the Balance Sheet as at 31st March, 2020.
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