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A current liability is a debt must be expected to be paid within:

a. one year.

b. the operating cycle.

c. (a) or (b), whichever is shorter.

d. (a) or (b), whichever is longer.

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Question ajoutée par Utilisateur supprimé
Date de publication: 2016/08/30
mohammad khaleel
par mohammad khaleel , Account Manager , Argon Technology

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.

shah alam
par shah alam , head of accounts , ROMO Fashion Today Ltd

within one year or the operating cycle ,whichever is longer

Michael Mudzengi
par Michael Mudzengi , Group Accountant , Birmingham invest Proprties Ltd

Within once year or within the current operating cycle.

Mohammed Omar Khan
par Mohammed Omar Khan , Chief Financial Officer , Mr. Raut P.G

All current liabilities are to be paid within one year.

Elhamy Maamoun
par Elhamy Maamoun , Consolidation Supervisor , ghabbour Auto

c. A Or B whatever is shorter 

MOHAMMED SHUJAUDDIN
par MOHAMMED SHUJAUDDIN , accounting manager , Masarat for Accredition

Current liability must be settle off with in one year

Aslam Khan
par Aslam Khan , Senior Accounts Officer , Pakistan Software Export Board

 As per IAS Framework, the current liability needs to  settle  within one year

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