In case the operating cycle cannot be determined, what is the time period of the operating cycle assumed?
12 months
6 months
1 month
18 months
In case the operating cycle cannot be determined, it is assumed that 12 months is the time period of the operating cycle.
The realisation period of debtors is 18 months, and the operating cycle is 13 months. Debtors are: [2 marks]
If realisation period of Asset 'A' is 18 months and operating cycle is 13 months. Asset 'A' is :
Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under _____
Investments expected to realise beyond operating cycle which is more than twelve months are considered as ____