How to calculate "current maturities of long term loans"

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2013 Dear Professional Experts

Pls guide me regarding calculation and presentation of following as per Revised Sch. VI of Co. Act, 1956:

(i) Current maturities of long term loans &
(ii) Interest on term loan accrued and due on borrowings

Your valuable time in this busy audit period is highly appreciable.

Thanks

CA Parul Saxena online

CA Parul Saxena online

(Expert)
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06 September 2013 suppose you have taken loan of Rs.1000000 on 01.04.12 which is repayable in 5 installments of Rs.200000 each.and 1st installment due on 31.03.2013 so you would show the loan as:-
Current maturities of loan.........200000
(Under Current Liabilities)
Long term loan.....................800000
(Under Non-Current Liabilities)