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is 'loan' categorized as billpayable?explain
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Answer / prashanth
No. Loan is long term liability while bills payable is
shortterm liability.
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Answer / ca prem
Loan cannot be catogerised as Bill Payable , since interest
is calculated on day 1 of loan disbursal
| Is This Answer Correct ? | 1 Yes | 2 No |
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