Assets can also be classified as tangible and intangible. These are expenses that have accumulated or built up during the accounting year but will not be paid until the following year 1 A current liability will be paid before the date of the balance sheet. 2 A liability that must be paid in 13...
But a closer look at the manner in which investors’ dues are classified in NSEL’s accounts could mean that the recovery of the ₹ 5,269 crore owed to them may not be expedited by the order.