Forums
Back
Doubt
Accountancy
Sir in provisions, contingent liabilities and current liabilities u didn't discuss much about current liabilities part and in unit 3 at the some tabular formats u have used that very confusing. Beginning examples I got .. so can I ignore tabular formats explainations? Is that very important to understand ..
Answers (2)
Best Answer
U will learn more about that in AS 29 as part of CA inter. Liabilities which are payable under period of 12 months or one operating cycle is called current liabilities. Operating cycle - conversion from procurement of raw material to realisation of cash from debtors.
Your Reply