If a company's operating cycle is 18 months
And company have to redeem debentures worth Rs. 100000 within 15 months
Is it will be current liabilities or non current liabilities
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Current asset or current liabilities
Replies (1)
Lalit as per schedule 111 OF COMPANIES ACT DEBENTURES ARE REDEEMED IN THE FOLLWING CASES :
1. SECURED OR MORTGAGE DEBENTURES
2. UNSECURED OR NAKED DEBENTURES
15 MONTHS ARE GENERALLY NON CURRENT LIABILITIES WHICH HAS TO BECREDEEMED WITHIN NORMAL OPERATING CYCLE .
1. SECURED OR MORTGAGE DEBENTURES
2. UNSECURED OR NAKED DEBENTURES
15 MONTHS ARE GENERALLY NON CURRENT LIABILITIES WHICH HAS TO BECREDEEMED WITHIN NORMAL OPERATING CYCLE .
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