Non-current assets are those debts payable in longer than 1 year or the entity's operating cycle which ever is longer.

Name: Non-current assets are those debts payable in longer than 1 year or the entity's operating cycle which ever is longer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Non-current assets are long-term assets that are not expected to be converted into cash within one year or the operating cycle, such as property, plant, and equipment, not debts payable.

Non-Current Assets Are Those Debts Payable in Longer Than 1