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What is non current assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2014 what is Non current assets.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 October 2014 assets that provide benefit for more than 1 year are non-current assets
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 October 2014 Additionally, if a company has a different operating cycle for its product then in place of 1 year period of such operating cycle should be considered for classification of current and non current assets. Disclosure of such operating cycle should be given in notes to accounts.
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Vishnu Saboo

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Vishnu Saboo (Expert)
21 October 2014 Assets which are to be keep more than 12 months... like fixed asseets etc
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