Intrest PAyable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2010
CAn Interest PAyable on TErm Loan Account be grouped with Secured Term Loan (O/s.) Account in Balance Sheet or interest payable should be shown serparately in Current Liabilities.
09 April 2010
As per Part I of schedule VI of Companies Act, Interest accrued and due on Secured Loans should be included under appropriate sub-heads under the head "Secured Loan"
09 April 2010
AGREE
09 April 2010
agreed
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