15 July 2014
As per requirement of company law, balance sheet must show the term loan in two parts: 1) Term loan portion which is repayable within next twelve months and 2) Term loan payable beyond 12 months
Now my query is How to calculate the amount of loan repayable within next twelve months if I do not have loan repayment schedule with detailed interest calculation.
Some times loan installment is not fixed (specially in case of loan from nationalized banks), in that case how can I determine the amount which is due in next 12 months
CAclubindia
