Revised schedule vi

satya narayana (Student CA IPC / IPCC) (124 Points)

02 January 2014  

Hai,

As per Revised Schedule- VI , Current Laibilities are the liabilities when

a. it is to be settled in the company's normal operating cycle

b. it is held for being traded.

c. it is due to be settled within 12 months after the reporting date.

d. the company does not have an unconditional right to defer settlement of the laibility for atleast 12 months after reporting date.

 

So my doubt is --

I didn't understand the meaning of point- d.

 Can anyone explain it with an example.