Classification of Loans from directors and proprietary concern

Unsecured loans can be long term as well like personal loans. 

You can write doubts on quora and you will get the same. I don’t understand quora accounting is students and they ask analysis. It is bit different here and professional. That looks like an school blog. No One needs types of loans, bonds, debentures, shares, derivatives in an interview, they need valuations for managers. I don’t understand why there is an interview at all, when no me knows 100% or they did not cover many things. Is a human being not satisfied with what he knows and earn 100 grand per Annum? This looks foolish to me to search for answers online, but I don’t like to remember everything because I’m getting paid less. Controversy everywhere. 

Yes, they calculate current liability and outstanding (non current liability) of debt. Can you please tell me, if there is anything related in the non current liabilities please?

Bank a/c

To Non current liability

To Current Liability 

Initially 

By Bank 500

To Non Current Liability 500

by the year is end

By bank 500

By Interest expense 30

To Current payables 187.05

To non current liability 342. 95

when payment is made

By Payables 187.05

To Bank 187.05

next year opening balance balance

By Bank 342.95

By interest expense 20.58

To Current payables 187.05

To Non current liability 176.47

when payment is met for this year

By Current payables 187.05

To Bank 187.05

next year opening balance

By Bank 176.47

By Internet expense 10.59

To current payables 187.05

To non current liability 0

when payment is met, there is no balance. This is second method. I hope you got it. 

The journals are correct, you have to adjust the numbers because you pay 90₹ more towards interest. Sry typing in n mobile