Which among the following is a non-curre

CUET Preparation Today

Start Free Mocks

Home Questions 2HAZDVS6R7

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Which among the following is a non-current liability?

	Operating cycle in months	Expected period when payment is made
A	9	12
B	11	12
C	11	13
D	18	20
E	18	16
F	10	12

Options:

CEF

CDE

ADF

Correct Answer:

Explanation:

	Operating cycle in months	Expected period when payment is made	Liability
A	9	12	Current
B	11	12	Current
C	11	13	Non-current
D	18	20	Non-current
E	18	16	Current
F	10	12	Current

* A liability is treated as current if payment is made within operating cycle or 12 months.