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प्रश्न
In a company’s Balance Sheet, employees’ earned leave payable on retirement is disclosed under ______.
विकल्प
Non-current Liabilities.
Current Liabilities.
Non-current Assets.
Current Assets.
MCQ
रिक्त स्थान भरें
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उत्तर
In a company’s Balance Sheet, employees’ earned leave payable on retirement is disclosed under non-current liabilities.
Explanation:
As per Schedule III, Part I of the Companies Act, 2013, employee benefits that are payable exclusively at the time of retirement represent a long-term financial obligation. Since this amount will not be settled within the company’s 12-month operating cycle, it is classified under the major head Non-current Liabilities (specifically under the sub-head Long-term Provisions).
shaalaa.com
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