Multiple choice general knowledge

Debentures are an example of ___________.

  1. Long term liabilities

  2. Short term liabilities

  3. Fictitious liabilities

  4. Sundry creditors
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Debentures are long-term debt instruments issued by companies to raise capital, typically with maturity periods of 10-20 years. They represent long-term borrowing, not short-term obligations like sundry creditors.

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