What are long term borrowings?

Answer

Long-term borrowings are those having a maturity period of more than one year.

Long-term borrowings shall classified as:

a. Bonds/debentures

b. Term loans

i) from banks

ii) from other parties

c. Deferred payment liabilities

d. Deposits

e. Loans and advances from related parties

f. Long-term maturities of finance lease obligations

g. Other loans and advances (specify nature)

 

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