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A receivable classified as current on the statement of financial position is expected to be collected within:

A. The current operating cycle.

B.1 year.

C. The current operating cycle or1 year, whichever is longer.

D. The current operating cycle or1 year, whichever is shorter.

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تاريخ النشر: 2015/02/26
Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

The current operating cycle or1 year, whichever is longer.

answer C is the correct answer 

rafi mahammad
من قبل rafi mahammad , Office Assistant , STAR Capital (DIFC) Limited

the current operating cycle

Sanjay Limbu
من قبل Sanjay Limbu , Manager , Gurkha Beverage

A receivable classified as current on the statement of financial position or Balance Sheet is expected to be collected within1 year.

 

Hossam Mohamed
من قبل Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage

Answer (C) is correct..........

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Option A:

Normally companies choose operating cycle equal to12 months. So generally we classify receivable who are  expected to recover within next twelve months.

Balraj Ramandasani
من قبل Balraj Ramandasani , Account Manager , BIN DASMAL GROUP

Answer is D  i .e. The current operating cycle or1 year, whichever is shorter.

Mobeen Tahir
من قبل Mobeen Tahir , Credit Officer , Tawuniya Insurance

Within one year so option B is the right answer.

Mohammed Shahid Ullah
من قبل Mohammed Shahid Ullah , Executive Director (Finance) , Coal Power Generation Company Bangladesh Limited

The current operating cycle is the current receivable

Khurram Shaukat Memon
من قبل Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

I guess option (B) is correct.

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