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How should an entity classify a liability as "current"?a)If the liability is due to be settled within twelve months after the reporting periodb)If the liability is secured by a physical assetc)If the liability is a trade payabled)If the liability does not have an unconditional right to defer settlement for at least twelve monthsCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How should an entity classify a liability as "current"?a)If the liability is due to be settled within twelve months after the reporting periodb)If the liability is secured by a physical assetc)If the liability is a trade payabled)If the liability does not have an unconditional right to defer settlement for at least twelve monthsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How should an entity classify a liability as "current"?a)If the liability is due to be settled within twelve months after the reporting periodb)If the liability is secured by a physical assetc)If the liability is a trade payabled)If the liability does not have an unconditional right to defer settlement for at least twelve monthsCorrect answer is option 'A'. Can you explain this answer?.

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