In case Operating Cycle cannot be determined, what is the time period of operating cycle assumed? Post category:Accountancy Reading time:1 mins read SOLUTION If Operating Cycle cannot be determined, it is assumed to be a period of 12 months. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is ‘Operating Cycle’? Next PostIf Operating Cycle is 12 months and payment is received in 15 months, how will you classify the asset? You Might Also Like State two situations in which interest on partners’ capital is generally provided. (Foreign 2017, CBSE 2019) October 7, 2022 State the need for treatment of Goodwill on admission of a partner. September 26, 2022 Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Settlement of Assets and Liabilities’. (Foreign 2014, 2018, CBSE 2019) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State two situations in which interest on partners’ capital is generally provided. (Foreign 2017, CBSE 2019) October 7, 2022
Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Settlement of Assets and Liabilities’. (Foreign 2014, 2018, CBSE 2019) October 8, 2022