How to calculate "current maturities of long term loans"
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2013
Dear Professional Experts
Pls guide me regarding calculation and presentation of following as per Revised Sch. VI of Co. Act, 1956:
(i) Current maturities of long term loans &
(ii) Interest on term loan accrued and due on borrowings
Your valuable time in this busy audit period is highly appreciable.
Thanks
Pls guide me regarding calculation and presentation of following as per Revised Sch. VI of Co. Act, 1956:
(i) Current maturities of long term loans &
(ii) Interest on term loan accrued and due on borrowings
Your valuable time in this busy audit period is highly appreciable.
Thanks
06 September 2013
suppose you have taken loan of Rs.1000000 on 01.04.12 which is repayable in 5 installments of Rs.200000 each.and 1st installment due on 31.03.2013 so you would show the loan as:-
Current maturities of loan.........200000
(Under Current Liabilities)
Long term loan.....................800000
(Under Non-Current Liabilities)
Current maturities of loan.........200000
(Under Current Liabilities)
Long term loan.....................800000
(Under Non-Current Liabilities)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- GST not cancelled by tenant
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
