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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.



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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?

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