Register now or log in to join your professional community.
a. one year.
b. the operating cycle.
c. (a) or (b), whichever is shorter.
d. (a) or (b), whichever is longer.
one year or the operating cycle, whichever is longer.liabilities are classified as current if they will be paid with current assets within one year or the current operating cycle, whichever is longer.
within one year or the operating cycle ,whichever is longer
Within once year or within the current operating cycle.
All current liabilities are to be paid within one year.
c. A Or B whatever is shorter
Current liability must be settle off with in one year
As per IAS Framework, the current liability needs to settle within one year