When Trade payable is current liabilities than why Trade payable ageing schedule (disclosure table) is for more than 1 year and for 3 year.
Trade payables are considered current liabilities (due within 1 year). However, the Trade Payable Aging Schedule includes periods beyond 1 year to track delayed payments or extended credit terms with suppliers. This schedule helps identify outstanding amounts that may be due for longer than expected and is required for a more comprehensive financial disclosure, ensuring transparency about the company’s liabilities and liquidity risks.
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