is 'loan' categorized as billpayable?explain

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is 'loan' categorized as billpayable?explain..

Answer / prashanth

No. Loan is long term liability while bills payable is
shortterm liability.

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is 'loan' categorized as billpayable?explain..

Answer / ca prem

Loan cannot be catogerised as Bill Payable , since interest
is calculated on day 1 of loan disbursal

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