75th Founding Day Lecture Meeting on “India@2030” Know More

September 2012

Larsen & Toubro Ltd (31-3-2012)

By Himanshu V. Kishnadwala, Chartered Accountant
Reading Time 1 mins
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Operating Cycle for current and non-current classification

Operating Cycle for the business activities of the company covers the duration of the specific project/contract/product line/service including the defect liability period, wherever applicable and extends upto the realization of receivables (including retention monies) within the agreed credit period normally applicable to the respective lines of business.

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