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BUS5IAF Introduction To Accounting And Finance

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Answer: Debt Valuation: Short term debts means any financial obligation which is either due within a 12- month period or within current financial year. It forms part of current liabilities on company’s balance sheet. (Investopedia, n.d.) Long term debts, also called as long term loans, refer to those financial obligations which become due in a more than 12-month period. (Investopedia, n.d.) Observing the company’s balance sheet,...

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