Question

A company has an operating cycle of eight months. It has accounts receivables amounting to ₹1,00,000 out of which ₹60,000 have a maturity period of 11 months. How would this information be presented in the balance sheet?

Options

• ₹40000 as current assets and ₹60,000 as non-current assets

• ₹60,000 as current assets and ₹40,000 as non-current assets

• ₹1,00,000 as non-current assets

• ₹1,00,000 as Current assets

Answer 1

₹1,00,000 as Current assets