Unsecured loan from director

It can be considered as curent liability normally it will be repayable within in one year, hence under unsecured loans - loan from directors unsecured to be shown separately...

suppose if there is no payable limit mentioned and unsecured too, den short term borrwings unsecured also we can show it need to have a separate head as Loan from directors...

Pls correct me experts, if am wrong

Can we consider it as long term loan from related party.

Loan Term Borrowings unsecured from related party.

Deposit from directors shall be considered as  Long Term Borrowings Unsecured from Related Persons, in case of Private as well as Public Companies.

Deposit from others shall be classified as Long Term Borrowings Unsecured Deposit in case of Public Company and Long Term Borrowings Unsecured others in case of Private Company.

unsecured loans are bsaically those loans which have been taken without  giving any proper and accpetable security or mortage from the lender or the fianacial institution. It is generally shown under long term benefits headings of the balance sheet.

regards

Tanveer Md Masood