Accounting for term loan sanctioned and not disbursed

Hi Members,

One of my client s got sanction of the Term Loan of Rs.10.00 cr on last week of march and disbursement was made on first week of April.  Whether can we account the above entry in accrual basis as Term loan receivable account dr to Term loan account to improve current ratio as on 31st March 2012 Balance sheet.  My Client has already installed the Fixed assets and accounted ( With the internal accrual and Short term Creditors) . However, to match long term source and application whether can we do this. Thanks in advance to clarification

Regards

Uday Kumar CA