Final account

Accounting Entries 469 views 3 replies

while preparing B/S under schedule VI unsecured loan and cash credit from bank is shown under short term borrowing, why not in long term borrowing.

Replies (3)
Cash credit is a short term loan less than a 90 daus generaly so its a short term loan

@ manik- thanks for quick reply.

can anyone post the link (ie video/notes) for understanding managerial renumeration.

@ manik bro- thanks for quick reply.

can anyone post the link (ie video/notes) for understanding managerial renumeration.


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