Current maturities of long term borrowing

Others 2217 views 3 replies

WHERE TO SHOW CURRENT MATURITIES OF LONG TERM BORROWING IN REVISED SCHEDULE VI.

 

UNDER SHORT TERM BORROWING OR UNDER OTHER CURRENT LIABILITIES????????????????????

 

 

Replies (3)

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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