How will you classify the following item in the company's balance sheet, if the period of the operating cycle is 15 months and the expected period of payment is 19 months?

Non-current Liabilities

The correct answer is option 1- Non-current Liabilities.

If the payment period is more than the period of operating cycle then it is considered as non-current. Here, payment is given means the company has to pay i.e it is a liability. So, the answer is non current liability.