WHERE TO SHOW CURRENT MATURITIES OF LONG TERM BORROWING IN REVISED SCHEDULE VI.
UNDER SHORT TERM BORROWING OR UNDER OTHER CURRENT LIABILITIES????????????????????
WHERE TO SHOW CURRENT MATURITIES OF LONG TERM BORROWING IN REVISED SCHEDULE VI.
UNDER SHORT TERM BORROWING OR UNDER OTHER CURRENT LIABILITIES????????????????????
Under Short term borrowings ( No doubt)
Other Current Liabilities.
Agree , I was wrong previously.
8.3.1.10 The current maturities of all long-term borrowings will be disclosed under ‘other current liabilities’ and not under long-term borrowings and shortterm borrowings. Hence, it is possible that the same bonds / debentures / term loans may be bifurcated under both long-term borrowings as well as under other current liabilities. Further, long-term borrowings are to be subclassified as secured and unsecured giving the nature of the security for the secured position.
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