Register now or log in to join your professional community.
A. The current operating cycle.
B. One year.
C.The current operating cycle or one year, whichever is longer.
D.The current operating cycle or one year, whichever is shorter.
Answer C is the correct answer . Whichever is longer .
the correct answer number C
Answer is (C) whichever is longer
The answer is:
C.The current operating cycle or one year, whichever is longer.
If a receivable classified as a current asset than it is expected that it will be collected within One year from the date of the financial statements i.e. in next financial year
its D the current or one year the shorter
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.