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?
Option 1: Total Assets = Fixed Assets + Non-current Investments + Current Assets
Option 2: Long-term Borrowings or Debt = Total Borrowing - Short-term Borrowings
Option 3: Total Assets = Shareholders Funds + Long term Borrowings + Short term Borrowings + Other Current liabilities
Option 4: None of the above.
Question : Which of the following are not included in Non - Current liabilities?
Option 1: Long-term Borrowings
Option 2: Deferred Tax Liabilities (Net)
Option 3: Other Long-term Liabilities
Option 4: Trade payable
Question : Which of the following are included in Non - current liabilities?
Option 4: All of the above
Question : Goodwill is
Option 1: Tangible Fixed Assets
Option 2: Other Current Liabilities
Option 3: Intangible Assets
Option 4: Short-term Borrowings
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