In Tally Director name Ledger has been grouped under current liabilities
as per schedule III of companies act 2013 this should be grouped under which head ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 19 August 2015
It may be grouped either as Current Liabilities or Non-Current Liabilities depending upon terms of loan taken.
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