Long-term borrowings refer to funds acquired by a business or individual that are scheduled to be repaid over an extended period, typically exceeding one year. These loans often involve formal agreements with fixed interest rates and structured repayment plans, serving as a source of capital for significant investments or ongoing operational needs.
Long-term borrowings are debts or financial obligations that a company takes on with a maturity period typically exceeding one year. These could include loans, bonds, or other forms of financing obtained to fund projects, expansions, or operations, with repayment scheduled over an extended period, usually more than 12 months.
HOPE THIS HELPS YOU
PLS MARK ME AS BRAINLIEST ✌️✨✨
ALSO THANK ME AND FOLLOW ME FOR MORE QUERY
[tex] \bf \red{PLS \: SOME \:}[/tex][tex] \bf \blue{\: SOME \: THANKS}[/tex]
Answers & Comments
Verified answer
Answer:
Long-term borrowings refer to funds acquired by a business or individual that are scheduled to be repaid over an extended period, typically exceeding one year. These loans often involve formal agreements with fixed interest rates and structured repayment plans, serving as a source of capital for significant investments or ongoing operational needs.
please make me brainliest
[tex] \pink{\rule{190pt}{5pt}}[/tex][tex]\huge\color{cyan}\boxed{\colorbox{black}{♛Answer♛}}[/tex]
Long-term borrowings are debts or financial obligations that a company takes on with a maturity period typically exceeding one year. These could include loans, bonds, or other forms of financing obtained to fund projects, expansions, or operations, with repayment scheduled over an extended period, usually more than 12 months.
HOPE THIS HELPS YOU
PLS MARK ME AS BRAINLIEST ✌️✨✨
ALSO THANK ME AND FOLLOW ME FOR MORE QUERY
[tex] \bf \red{PLS \: SOME \:}[/tex][tex] \bf \blue{\: SOME \: THANKS}[/tex]