Whether the term loan which was long term as on Mar-11, but
now it is short term due to its repayment within one year
from the reporting period. Whether it should be classified
as short term borrowings or other current liabilities as per
Revised schedule VI.
Answer Posted / dhiraj kumar
nature of long term and short term depond upon the date of the amount is taken instead of remaining period of the loan amount
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
Define vouching?
can external audit be seen as merely an overhead cost adding no value to the orgnisation
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
What are the essential of internal audit?
Explain the basic principles of an internal audit controlsystem?
who is the auditor and his deautis
What to do after the audit?
what is the steel consumption per sq ft for ground plus 12 floors
What are intangible assets?
How to Computation Advance Tax For First Quarter
What is the mean of decommission liability?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
accounting & audit system of film production enterprises
why auditors are not true and faire statement of account
What are documents need to vouch while doing sales vauching?