Question

Is long term debt an asset?

Answer 1

Answer:

Explanation:

Do at a core level and cannot any long term doubt to an assesst

Answer 2

Answer:

No it isn't.

Explanation:

Logically speaking, the term debt has different meanings...

since its accountancy being talked about here. we can consider the literal meaning of the term..

Since the compound interest on the principal amount will increase by time, the whole amount to be paid increases...

Thus, long term debt is non beneficial..

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