Question

Operating Cycle and the period when payment is made is given below. How will you classify the liability?

Particulars	(i)	(ii)	(iii)	(iv)	(v)	(vi)
Operating Cycle (Months)	9	11	11	18	18	10
Expected Period when payment is made (Months)	12	12	13	20	16	12

Answer 1

Particular	Operating Cycle (Months)	Expected Payment (Months)	Classification
(i)	9	12	Current
(ii)	11	12	Current
(iii)	11	13	Non-Current
(iv)	18	20	Non-Current
(v)	18	16	Current
(vi)	10	12	Current