Amounts owed, by a business, which are due and payable over a period of time extending beyond one year from the date of the Balance Sheet. These amounts are usually represented by formal contracts such as notes, mortgages, and bonds.
Amounts owed, by a business, which are due and payable over a period of time extending beyond one year from the date of the Balance Sheet. These amounts are usually represented by formal contracts such as notes, mortgages, and bonds.