Which of the following is categorized under non-current liabilities?
A. Bank overdraft
B. Bills payable
C. Outstanding expenses
Right Answer is: D
• Debenture: It is a type of debt instrument unsecured by collateral.
• Since they have no collateral backing, debentures must rely on the creditworthiness and reputation of the issuer for support.
• Noncurrent liabilities, also called long-term liabilities are long-term financial obligations listed on a company’s balance sheet.