CC Balance whether current or non current

IFRS 734 views 1 replies

Hi CA Amit Daga,

I have a query for you 

whether  under ifrs cash credit balance will be current or non current liability, presuming that it is 3 years old account and the cc balance  (drawal from bank) has remained more than Rs. 50 lakhs though last two years.

Replies (1)

generally cc will fall under curren liability


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