What is non current assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2014
what is Non current assets.
Nikhil Kaushik
(Expert)
20 October 2014
assets that provide benefit for more than 1 year are non-current assets
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.
Vishnu Saboo
(Expert)
21 October 2014
Assets which are to be keep more than 12 months... like fixed asseets etc
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