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?
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vehicle loan
Replies (4)
CURRENT LIABILITY RS 5,000 /-
AND NON CURRENT LIABILITY RS 2,95,000 /-
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?
YA
Vehicle Loan will be treated as a Non Current liability
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