The long-term sources fulfil the financial requirements of an enterprise for a period:
Answer & explanation
Correct answer: option 2
The correct answer is option 2- More than 5 year.
The long-term sources fulfil the financial requirements of an enterprise for a period exceeding 5 years and include sources such as shares and debentures, long-term borrowings and loans from financial institutions. Such financing is generally required for the acquisition of fixed assets such as equipment, plant, etc.