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Intrest PAyable

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2010 CAn Interest PAyable on TErm Loan Account be grouped with Secured Term Loan (O/s.) Account in Balance Sheet or interest payable should be shown serparately in Current Liabilities.
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
09 April 2010 As per Part I of schedule VI of Companies Act, Interest accrued and due on Secured Loans should be included under appropriate sub-heads under the head "Secured Loan"
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 April 2010 AGREE
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
09 April 2010 agreed
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