_______ 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.

Current assets

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Current liabilities

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Is not classified

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None of these

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Solution

The correct option is B
Current liabilities

Current liabilities 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.

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Similar questions

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

Q. An asset shall be classified as if it is expected to be realized in the company’s normal operating cycle.

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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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_______ 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.

The correct option is B Current liabilities Current liabilities 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.

The correct option is B
Current liabilities

Current liabilities 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.