Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under _____

Long term borrowings

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Other long term liabilities

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Long term provisions

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None of these

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Solution

The correct option is B
Other long term liabilities

Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under other long-term liabilities.

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Similar questions

The amount of provision provided for a settlement beyond 12 months from balance sheet date are shown under _______

Loans which are repayable in more than twelve months/operating cycle are classified as ______ on the face of balance sheet.

_______ would include items such as trade payables, employee salaries and other operating costs that are expected to be settled in the company’s normal operating cycle.

Investments expected to realise beyond operating cycle which is more than twelve months are considered as ____

Q. State giving reason whether Trade Payables are classified as Current Liabilities or Non-current Liabilities in the Calance Sheet of a Company as per Schedule III of the Companies Act, 2013 in the following cases:


Case	Operating Cycle Period (Months)	Expected Payment Period (Months
1	10	11
2	10	12
3	10	13
4	14	13
5	15	16

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Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under _____

The correct option is B Other long term liabilities Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under other long-term liabilities.

The correct option is B
Other long term liabilities

Trade payables to be settled beyond 12 months from the date of balance sheet or beyond the operating cycle are classified under other long-term liabilities.