vehicle loan is payable in 5 years. every month instalment is 5k+.
now my question is "is this vehicle loan a current liability or a non current liability?
CURRENT LIABILITY RS 5,000 /-
AND NON CURRENT LIABILITY RS 2,95,000 /-
4 Replies
Rohan Bagra
(406 Points)
Replied 23 February 2019
so only one month liability will be treated as current liability and remaining amount will be treated as non current liability.
am I right?
am I right?
Priya Kashyap
(Student)
(7053 Points)
Replied 24 February 2019
Vehicle Loan will be treated as a Non Current liability
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