Non Current Liabilities

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Long-term liabilities
Long-term liabilities are liabilities with a future benefit over one year, such as notes payable that mature greater than one year.In accounting, the long-term liabilities are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets.Examples of long-term liabilities are debenturesmortgage loans and other bank loans (note: not all bank loans are long term as not all are paid over a period greater than a year, the example is bridging loan.)
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Non Current Liabilities
debt not due to be paid within the next year; opposite of current liabilities.

Copyright © 2001, Ray Wright

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