Inter company

Naresh Puchakayala (Assistant Manager) (33 Points)

10 August 2021

Dear all ,

please confirm inter company payables are comes under current liabilities or Non current liabilities?

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 11 August 2021

Show under current liabilities

Naresh Puchakayala (Assistant Manager) (33 Points)
Replied 11 August 2021

Thanks sourav ,

what if loan outstanding is More than a Year ?

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 15 August 2021

Then it will be shown under non current liabilities

Nidhi (Chief Accountant) (3150 Points)
Replied 17 August 2021

Inter Company payable to be shown as Current liability.
Loan required to shown as borrowing, short long as the case may be

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