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Current liabilities are payable within?

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Question added by Zehab Osman , Accountant , Aldar Consultancy Co.
Date Posted: 2015/08/25
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option4 is the right answer. As all other options fulfill the condition 'within one year'.

Michael Lagunday
by Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

My answer is4. All of the above.

 

IAS1 classifies liabilities as current when a. Due to be settled within one year or b. Due to be settled within the normal operating cycle whichever is longer. Which in this case, all the choices are within the bracket of one year.

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

All of above.they should be settled in12 months period

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

All answers are correct Thank you

 one year all current liabilities are payable in running period

 

Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The answer is4- All of the above

my answer is4 Current liabilities are payable within a year which means three month,six month, up to one year

Deleted user
by Deleted user

The answer is Number4: All the above

Deleted user
by Deleted user

Curent liabities should be paid within1 year.

Deleted user
by Deleted user

4. All of the above ............................................. since all are within the12months period designated for current liabilities

Turki Fahad
by Turki Fahad , Accounting Manager| VAT , STC Channels

I would prefer answer number4

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