Question

How are long-term borrowings classified?

a.

Only as Bonds/Debentures and Term Loans.

b.

Bonds/Debentures, Term Loans, and Deferred Payment Liabilities.

c.

Term Loans, Deposits, and Loans and Advances from Related Parties.

d.

Bonds/Debentures, Term Loans, and Long-term Maturities of Finance Lease Obligations.

Posted under IC 89 Management Accounting

Answer: (b).Bonds/Debentures, Term Loans, and Deferred Payment Liabilities. Explanation:Long-term borrowings are classified as Bonds/Debentures, Term Loans, and Deferred Payment Liabilities, among other specified categories.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How are long-term borrowings classified?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. When loans are guaranteed by directors or others, what information should be disclosed?

View solution

Q. How should bonds/debentures be presented in the financial statements?

View solution

Q. What should be specified regarding redeemed bonds/debentures that the company has the power to reissue?

View solution

Q. How are short-term borrowings classified?

View solution

Q. How should borrowings be classified in financial statements?

View solution

Q. When loans are guaranteed by directors or others, what information should be disclosed?

View solution

Q. What should be specified regarding the period and amount of default in repayment of dues?

View solution

Q. How are other current liabilities classified?

View solution

Q. How should share application money be disclosed in financial statements?

View solution

Q. How are short-term provisions classified?

View solution

Q. How are tangible assets classified?

View solution

Q. How should assets under lease be specified in the classification of tangible assets?

View solution

Q. What information should be disclosed regarding the reconciliation of the gross and net carrying amounts of tangible assets?

View solution

Q. How are intangible assets classified?

View solution

Q. How are non-current investments classified?

View solution

Q. What information should be disclosed under the classification of non-current investments?

View solution

Q. How should investments carried at other than cost be disclosed?

View solution

Q. What information should be disclosed regarding long-term loans and advances?

View solution

Q. How are other non-current assets classified?

View solution

Q. How should long-term trade receivables be sub-classified?

View solution
View All MCQs on IC 89 Management Accounting

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Genetic Engineering

Unlock the potential of Genetic Engineering with our dedicated category. Explore gene...

Life Sciences

Delve into the diverse world of life sciences with our specialized category. Explore...

Drug and Pharmaceutical Biotechnology

Navigate the world of pharmaceuticals and biotechnology with our dedicated category....

Corrosion Engineering

Master the art of preventing material deterioration with our Corrosion Engineering...

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...

Verbal Reasoning

Sharpen your logical thinking and reasoning abilities with our Verbal Reasoning...

Virology

Explore the captivating world of Virology with our specialized category. Dive into...