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Mention whether the following Trade Payable is current liability or non current liability: Operating Cycle Expected Period of Payment 12 months 14 months - Accounts

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Question

Mention whether the following Trade Payable is current liability or non current liability:

Operating Cycle Expected Period of Payment
12 months 14 months
One Word/Term Answer
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Solution

Non Current Liability

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Chapter 9: Financial Statements of Companies - SHORT ANSWER QUESTIONS [Page 9.54]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 9 Financial Statements of Companies
SHORT ANSWER QUESTIONS | Q 14. (a) | Page 9.54
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