Dear Firend,
My doubt is whether term loan amount can be bifurcated as short term borrowing and long term borrowing based on due payble bifurcation, means amount which is going to payable in next 12 month as a short term borrowing and after 12 month as long term borrowing for one account in financial as per schedule III.
Thanks & Regards,
Deepu
In my opinion!
It cant be bifurcated!
Thanks!
Yes your are right,
As per clarification book issued by ICAI for Financial Statements Presentation under Companies Act, 2013 Practitioner’s Perspective, portion of amount which is going to payble in next 12 month as short term borrowing.
for more infrmation check the link
https://www.icai.org/post.H T M L?post_id=11048
Thanks
CAclubindia
