The amount of provision provided for a settlement beyond 12 months from balance sheet date are shown under _______

Long term borrowings

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Other long term liabilities

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Long term provisions

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None of these

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Solution

The correct option is C
Long term provisions

The amount of provision settled beyond 12 months from balance sheet date are shown under long-term provisions.

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Similar questions

Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under _____

(i) Unamortised Loss on Issue of Debentures (To be written off after 12 months from the date of Balance Sheet);
(ii) 10% Debentures;	(iii) Stock-in-Trade;	(iv) Cash at Bank;
(v) Bills Receivable;	(vi) Goodwill;	(vii) Loose Tools;
(viii) Truck;	(ix) Provision for Tax; and	(x) Sundry Creditors?

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