Where should "Interest accrued but not due" & "Interest accrued but not paid" shown in the balance sheet as per Schedule VI. Also can any one plz send me a recent format Schedule VI to i.luv.smile @ gmail.com
Thanks & Regards
Radhee
Radhika (CA Final) (194 Points)
04 May 2010Where should "Interest accrued but not due" & "Interest accrued but not paid" shown in the balance sheet as per Schedule VI. Also can any one plz send me a recent format Schedule VI to i.luv.smile @ gmail.com
Thanks & Regards
Radhee
CA Shiv
(Business Controller)
(2987 Points)
Replied 04 May 2010
Can you tell me what is the nature of expense for interest accrued but not due.
Interest accrued but not due: for debenture issued..than it has to be shown as liabiility in term loans/long term loans.
And the other is interest accrued but not paid: current liabilities.
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