Question
S Ltd. took a loan from the bank for 10,00,000 to be settled within 5 years in 10 equal half yearly instalments with interest. The first instalment is due on 30.09.2021 of 1,00,000. Determine how the loan will be classified in preparation of Financial Statements of S Ltd. for the year ended 31st March 2021 according to Schedule
S Ltd. took a loan from the bank for 10,00,000 to be settled within 5 years in 10 equal half yearly instalments with interest. The first instalment is due on 30.09.2021 of 1,00,000. Determine how the loan will be classified in preparation of Financial Statements of S Ltd. for the year ended 31st March 2021 according to Schedule
III.
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