Schedule iii
This query is : Resolved
gaurav arya
(Querist)
20 October 2015
A Ltd has taken a 3 yr loan specifically for a business whose operating cycle is 4 yrs. Hence had classified the same as current liabilities.
State correct or not with reasons
State correct or not with reasons
gaurav arya
(Querist)
20 October 2015
please provide answer considering Schedule III
20 October 2015
Correct, since it is a 'short term borrowing' having repayment period not beyond 36 months.
gaurav arya
(Querist)
20 October 2015
thanks for answer
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