Current maturities to long-term loan include amount repayable within _______
12 months
Operating cycle
Either 12 months or Operating cycle
None of these
Current maturities to long-term loan include amount repayable within twelve months/operating cycle.
Loans which are repayable in more than twelve months/operating cycle are classified as ______ on the face of balance sheet.
Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under _____
If realisation period of Asset 'A' is 18 months and operating cycle is 13 months. Asset 'A' is :
A company has excess finished goods inventory that it does not expect to realize within the company’s operating cycle of fifteen months. It shall be classified as___
A company has sold 10,000 tonnes of steel to its customer. The sale contract provides for a normal credit period of three months. The company’s operating cycle is six months. However, the company does not expect to receive the payment within twelve months from the reporting date. it shall be classified as___