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?
Menu
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
Recent Threads
- GST PORTAL NOT WORKING P6
- Looking for secure offline tax computation tools
- Allbirds Abandons Shoes for AI, Shares Surge 600%,
- GST Refund on Capital goods on itc Reducing 5% per
- Querries related to ptec
- Normal gst cancelation and refund
- DOCUMENTS REQD. FOR TAN
- GST registration for different types of business
- TDS Notices — How Do You Reconstruct th
- Online Basic artificial intelligent courses for ta
Related Threads
CAclubindia
