Accountancy, asked by dev70184, 3 days ago

what does long term provision does not include

Answers

Answered by Anonymous

Answer:

Long term liability is the liability which is for more than a year in the business. Loans such as debentures, term loans and finance lease are always for a period of more than 1 year. Therefore, they are considered as long term borrowing of a company.

Loan repayable on demand is a short term borrowing and hence is not a long term borrowing of a company.

Explanation:

I hope this answer help you. Follow for more answers.

Previous Question

Next Question

Similar questions

Chemistry, 1 day ago

5. 1,3-Butadiene on treatment with Br2 at higher temperature yields a. 1,2-dibromide product b. 1,3-dibromide product c. 1,4-dibromide product d. 2-Bromo product...

Math, 1 day ago

Cost of an apple is ₹p and cost of a banana is ₹q find the cost of 18 apples and 13 bananas.

Math, 1 day ago

EXERCISE 4.1 Use Cordova Smart Class Software on the smart board in class to do Exercise State whether the following collections are sets or not. Give reason in support of your answer 1. The collection of instruments in a geometry bou. 2. The collection of easy problems in your maths book 3. The collection of all boys and girls of class VI whose heights are between 4.5 feet and 5 feet. 4. The...