New schedule vi

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2013 Respected Experts
Is there any provision to place the long term loans of next one year payment in current liabilities in the next Schedule VI ?

10 September 2013 Yes, current maturities of all'long term borrowings' should be disclosed under 'other current liabilities'.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2013 Thank You Sir ,
What about the interest components of the said loan ?

11 September 2013 It should be included in current maturities
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.
in case of term loans and other loans whereever it is possible to identify current maturities it is to be classified as current maturities


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