Which of these is a non-monetary liability?
A) Bank overdraft
B) Provision for long-service leave
C) Debentures
D) All are non-monetary liabilities

Question

Quizplus · Accepted Answer

A bank overdraft and debentures are both examples of monetary liabilities because they involve a fixed or determinable monetary amount. However, a provision for long-service leave is a non-monetary liability because it represents a future obligation to provide a certain amount of paid leave to employees, but the amount of that obligation is not determinable with certainty.

Which of These Is a Non-Monetary Liability