Question
Which among the following criterion are required to be
fulfilled for an asset to be classified as a Current Asset?Solution
An asset shall be classified as current when it satisfies any one of the following criteria: a. It is expected to be realized in, or is intended for sale or consumption in, the company’s normal operating cycle b. It is held primarily for the purpose of being traded c. It is expected to be realized within 12 months after the reporting date, or d. It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date All other assets shall be classified as non-current .
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Paytm Payments Bank Ltd became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to ac...
Who is the author of 'The Argumentative Indian'?
Cyclones Gulab was a tropical cyclone that caused considerable damage to ______ Asia.
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