The amount owed for a period exceeding 12 months from the date of the balance sheet. It could be in the form of a bank loan, mortgage bonds, debenture, or other obligations not due for one year. A firm must disclose its long-term debt on its balance sheet with its interest rate and date of maturity.
Got a question? We'd love to help!
Can't find what you're looking for?
Email us: email@example.com
Back to FAQs
Want to ask a human?
Sorry, we couldn't find any matches
Let's try the following and see if it helps: