Cash Credit Limit account In Balance Sheet

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This discussion clarifies how to present a Cash Credit (CC) limit and unsecured loans from relatives on a balance sheet. The CC limit, typically needing repayment within 12 months, should be classified as short-term borrowing. Loans from relatives are generally considered long-term borrowings, unless immediate repayment is expected within the next year.

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(Querist)
14 March 2023 Dear Sir

Please suggest we have cash Credit Limit in HDFC bank and some Unsecured loan from Relative so in balance Sheet we have to show under Long Term Borrowings Or Short Term Borrowings
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Manish

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Manish (Expert)
14 March 2023 CC - short term
Relatives - long-term unless you need to pay in the next 12 months
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Nisha Kathuria

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Nisha Kathuria (Querist)
14 March 2023 Thank you Very Much Sir,
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