Inter company

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Assistant Manager
33 Points Posted on 10 August 2021
Dear all ,

please confirm inter company payables are comes under current liabilities or Non current liabilities?
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On 10 August 2021 at 22:32 Report
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Quick Summary
This discussion clarifies the accounting treatment for intercompany payables. Generally, intercompany payables should be classified as current liabilities. However, if a loan outstanding between companies exceeds one year, it should be presented as a non-current liability.

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Chartered Accountant
24588 Points Posted on 11 August 2021
Show under current liabilities
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On 11 August 2021 at 06:12
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Assistant Manager
33 Points Posted on 11 August 2021

Thanks sourav ,

what if loan outstanding is More than a Year ?

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On 11 August 2021 at 07:20
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Chartered Accountant
24588 Points Posted on 15 August 2021
Then it will be shown under non current liabilities
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On 15 August 2021 at 12:16
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Chief Accountant
3150 Points Posted on 17 August 2021
Inter Company payable to be shown as Current liability.
Loan required to shown as borrowing, short long as the case may be
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On 17 August 2021 at 02:25

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