Question

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

Particulars	(i)	(ii)	(iii)	(iv)	(v)	(vi)
Operating Cycle (Months)	10	10	10	15	15	20
Expected Period when payment is received (Months)	9	12	14	14	18	18

Answer 1

Particulars	Operating Cycle (Months)	Expected Period when payment is received (Months)	Classification
(i)	10	9	Current
(ii)	10	12	Current
(iii)	10	14	Non-Current
(iv)	15	14	Current
(v)	15	18	Non-Current
(vi)	20	18	Current