what is the difference between long term debt and short
term debt?
Answers were Sorted based on User's Feedback
Answer / sunil
The debt which we need to pay within one year is short term
debt where as long term debt is we need to pay more than one
year
Is This Answer Correct ? | 22 Yes | 1 No |
Answer / deepak
A debt whic are payable after one year considered as Long
term debts.On other hand debt which are paybale within a
year called short-term debt.ther is one more duration
between 3 to 5 years is called Middle term debt.
Is This Answer Correct ? | 21 Yes | 7 No |
Answer / abubakari peter
short term debt is a debt which is payable within a year.
long term debt is a debt which is payable beyound one year.
but short and long term debt will also depend on the type
of the organization.e.g taking an organization like ghana a
debt for 5 years is considered short term.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / chinna
It is very similar to the short term investment and
longterminvestment. ie,a debt which has the chance to pay
after a period of 12 months is longterm debt.and a debt
which has to pay in period of less than 12 months is called
as short term debt.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / harish kumar sahu
1.Long term debt is a long time peried and short term
peried is small time.
2.Long term debt is a more then one year and short term
peried is a less then one year.
3.Long term is under for example the fund ,purchase a land
etc.and short term debt is a invest a money short peried
for as share and dive.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anil
long term debt is given for long period
short term debt is given for short period
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajesh
long term debt is given for a long period of time generally
for more than 5 years whereas short term debt is concerned
with the debt less than 5 years
Is This Answer Correct ? | 13 Yes | 23 No |
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