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Tushar Aher Patil

Trying to do better • 8m

Day 9 About Basic Finance and Accounting Concepts Here's Some New Concepts 2. Non-Current (Long-Term) Liabilities Non-current liabilities are long-term debts that are due beyond one year. These are generally used to fund large purchases or investments. Examples of Non-Current Liabilities: Long-Term Loans: Bonds Payable: Deferred Tax Liabilities: Lease Obligations: Pension Liabilities: Importance of Non-Current Liabilities: These liabilities allow businesses and individuals to make substantial investments without needing immediate cash but require careful planning to manage long-term financial health.

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