Question

A company has an operating cycle of 12 months. It has accounts payable amounting to₹10,00,000 out of which ₹7,00,000 have a maturity period of 15 months. How would this information be presented in the Balance sheet? *

a) ₹7,00,000 as current liabilities and ₹3,00,000 as non-current liabilities b) ₹3,00,000 as current liabilities and ₹7,00,000 as non-current liabilities
c) ₹10,00,000 as non-current liabilities
d) ₹10,00,000 as non-current liabilities​

Answer 1

Answer:

a is your answer hope it will helps you

Answer 2

Answer:

option A is correct answer

Explanation:

here the company has an operating cycle of 12 months

Payable amount is 1000000 rupees

rupees 700000 have maturity period of 15 days

remaining 300000 rupees are non current liabilities

so the correct option is option A  

here the answer is current liabilities have to pay 7 lakh rupees in the duration of 15 months and 3 lakh rupees are non current liabilities.