Accountancy, asked by vaishnavshammy, 7 hours ago

A company has an operating cycle of eight months. it has accounts receivables amounting to rs 1,00,000 out of which rs 60000 have a maturity period of 11 months. how would this information be presented in the balance sheet?​

Answers

Answered by presentmoment
2

This information will be presented in the Balance sheet as:

Current assets amounting Rs 1,00,000 on the Asset side of the Balance Sheet.

  • Current asset is an asset which can be sold or exhausted within the current financial year.
  • As the Account Receivables is the Current asset of the Company with the maturity period of 11 months.
  • We have nothing to do with the maturity period amount.

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