Practicing Success
Practicing Success
CUET Preparation Today
| How will you classify the liability if the operating cycle of the company is 10 months and the expected period of payment of trade payables is 12 months? |
Current Asset Current Liability Non-Current Asset Non-Current Liability |
| Current Liability |
| The period of the operating cycle is irrelevant if the expected period is less than or up to 12 months. |
