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Question

If realisation period of Asset 'A' is 18 months and operating cycle is 13 months. Asset 'A' is :



A

Current Asset

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B

Non-current Asset

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C

Cannot be classified

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D

None of these

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Solution

The correct option is C

Non-current Asset


If  the realisation period is more than the operating cycle, it is non-current. Hence, Asset 'A' is non-current asset and


Accountancy

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