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A company has an operating cycle of 12 months. It has accounts payable amounting to ₹10,00,000 out of which ₹7,00,000 have a maturity period of 15 months. How would this information be presented in the Balance sheet? a) ₹7,00,000 as current liabilities and ₹3,00,000 as non-current liabilities b) ₹3,00,000 as current liabilities and ₹7,00,000 as non-current liabilities c) ₹10,00,000 as non-current liabilities d) ₹10,00,000 as non-current liabilities |
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Answer» b) ₹3,00,000 as current liabilities and ₹7,00,000 as non-current liabilities |
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