As per Schedule III of the Companies Act 2013, a liability is classified as current if it is expected to be settled within:

Question

Team JKSSB Mock Tests · Accepted Answer

A liability is current if it is due to be settled within 12 months after the reporting date or within the normal operating cycle.

As per Schedule III of the Companies Act 2013, a liability is classified as current if it is expected to be settled within: MCQ with Answer and Explanation