As per Schedule III, trade payables that are due for settlement beyond 12 months from balance sheet date or beyond the operating cycle are non-current in nature and are classified under Other Long-term Liabilities on the Equity and Liabilities side of the Balance Sheet.
Trade payables to be settled beyond 12 months from the date of Balance sheet or beyond the operating cycle are classified under:
CUET UG 2023 — Accountancy Financial Statements
2023mcqmedium
Trade payables to be settled beyond 12 months from the date of Balance sheet or beyond the operating cycle are classified under:
Official previous-year question
Held on 29 May 2023 · Verified 13 Jul 2026.
Options
- A
Long term provisions
- B
Other long term liabilities
- C
Deferred tax liabilities
- D
Long term Borrowing
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