alleryStart learning →Trade payables due in 14 months within a 16-month cycle are?
ADeferred liabilities
BContingent liabilities
CNon-current liabilities
DCurrent liabilities
Answer & Solution
Correct answer: D. Current liabilities
Trade payables forming part of working capital in the operating cycle are current even if settled beyond twelve months.
Keep practising Ind AS 1 Presentation of Financial Statements
Browse all Ind AS 1 Presentation of Financial Statements questions for CA Final, or explore more Financialreporting topics.
Related questions
If Ind AS rules are insufficient for users, what is added?In virtually all cases a true and fair view is achieved by what?How are items of dissimilar nature or function presented unless immaterial?Puttable instruments classed as equity need which outflow disclosed?What must be disclosed about externally imposed capital requirements?Capital disclosures follow information given to whom internally?A capital disclosure covers objectives, policies and what?Must estimation uncertainty disclosures include forecasts?