Schedule xiii

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Ankit Aggrawal (Querist)
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30 March 2012 As per schedule XIII Long terms Loans payable after one year means ????????

is it ?

Long Terms loans as on First day of Current financial year - Installments due / Repayable in Current Financial Year = Long term Loans

Ajay Mishra

Ajay Mishra (Expert)
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30 March 2012 Hi

Lon term loan means loan payable after a period of 12 months and it will taken from the last year Balance Sheet. Means if you are calculating today on March 29,2012 then the data will be taken from the financial year ending March 31, 2011.

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