Question
A company took a term loan of Rs.50 lakh from the bank
in December 2025. If the loan has to be repaid in 5 equal yearly instalments starting from December 2026, which of the following correctly describes how this loan will be presented in the Financial Statements of the company as on 31st March 2026 according to Schedule III?Solution
In the given case, instalments due in December 2026 will be shown under the head 'short term borrowings' as current maturities of loan from bank as per the amendment to Schedule III vide MCA notification dated 24th March 2021. Therefore, in the balance sheet as on 31 March, 2025, Rs.40 lakh (Rs.10 lakh x 4 instalments) will be shown under the heading 'Long term Borrowings' and Rs.10 lakh will be shown under the heading ' short term borrowings.'
Which international body develops standards for food safety referred to in SPS?
Traceability in agricultural export means:
Under which Act was APEDA established to promote the export of agricultural and processed food products?
Iron is an important component of which of the following enzyme?
An acute or chronic inflammation of the mammary gland caused by physical, chemical and biological agents chiefly of bovines usually affecting the secret...
Which of the following is NOT a function of FSSAI?
The branch of Horticulture that deals with the cultivation of vegetables is called
Which of the following agricultural products has the highest share in India’s agri-export basket?
Which input helps improve soil organic carbon levels?
Under FSSAI, which license is applicable for food businesses operating in multiple states or involved in exports/imports?
