Balance sheet preparation
This query is : Resolved
06 July 2013
opening unsecured loan = Rs 78,000
addition to above loan = Rs. 11,00,000
during the year
closing balance of loan = Rs 11,78,000
sir please tell what is the nature of loan?
short term or long term..
addition to above loan = Rs. 11,00,000
during the year
closing balance of loan = Rs 11,78,000
sir please tell what is the nature of loan?
short term or long term..
06 July 2013
it depend on the situation, if the management say that it will repay within one year then short term otherwise long term.
Message likes :
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06 July 2013
Agree with expert.
Message likes :
1 times
06 July 2013
Take repayment shedule of loan and treat it as short term liability which is expected to arise in next year and remaining portion can be fixed at NON-CURRENT LIABILITIES
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