Borrowings under new schedule

595 views 1 replies

Hello friends... I have some confusion regaring disclosure of borrowings under short and long term.. let us understand with an example.... suppose i have taken a car loan of 10 lakh for ten year.. then it is for more than one year and to be taken in long term borrowings... we have to pay first instalment of Rs. 1 lakh in 6 months from now.... my doubt is while finalising the balance sheet whether whole of the loani.e. 10 lakhs should be taken in long term or whether the amount of instalment which is to be paid within one year i.e. one lakh is to be shown under short term borrowings and remaining rs. nine lakhs in long term borrowings....

Replies (1)
Amount of installment maturing within 1 year after B/S date should bw grouped under current liab & balance payable after 1 year under non-current liab. Regards


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details