Bonds payable are usually classified on the balance sheet as: Solution a) Long-term liabilities Bonds are usually issued in order to secure long term debt and hence categorised under long term liabilities. They have a fixed maturity and payout fixed interest on quarter / semi-annual / annual basis. .

1. Bonds payable are usually classified on the balance sheet as:
long-term liabilities.
current liabilities.
investments and funds.
other assets.
Solution
a) Long-term liabilities
Bonds are usually issued in order to secure long term debt and hence categorised under long term
liabilities. They have a fixed maturity and payout fixed interest on quarter / semi-annual / annual
basis.