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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2014 Is Cash Credit Facility from banks for working capital a part of current liabilities?

In the old schd VI it was shown under the head Secured Loans but in the revised Schd VI it has been covered under Current Liabilities .

By taking the Cash Credit in Current Liabilities, it adversely effects to derive the net working capital (Current Assets-Current Liabilities.)

pl clear the status at the earliest.

thanking you
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Vishnu Saboo

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Vishnu Saboo (Expert)
15 April 2014 i believe this is still secured loan under current liability head.

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