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 III.Solution
Short term borrowings 2,00,000; Long term borrowings 8,00,000 In the given case, instalments due on 30.09.2021 and 31.03.2022 will be shown under the head 'short term borrowings' as current maturities of loan from bank as per Schedule III. Therefore, in the balance sheet as on 31.3.2021, 8,00,000 (1,00,000 x 8 instalments) will be shown under the heading 'Long term Borrowings' and 2,00,000 (1,00,000 x 2 instalments) will be shown under the heading ' short term borrowings.'
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Bank reference рдХрд╛ рд╣рд┐рдВрджреА рдкрд░реНрдпрд╛рдп рд╣реИ ред
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...┬аMass communication of the twenty-first century has become an integral part of our life and national development and its direction determination.
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рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд┬а рд╡рд┐рдХрд▓реНрдкреЛрдВ рдореЗрдВ рд╕реЗ delegate┬а рд╢рдмреНрдж рдХрд╛ рдкрд░реНрдпрд╛рдп рдирд╣реАрдВ рд╣я┐╜...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдореЗрдВ рд╕реЗ рдЕрдиреБрдкреВрд░рдХ рдЕрдиреБрджрд╛рди рдХрд╛ рд╣рд┐рдВрджреА рдкрд░реНрдпрд╛рдп рд╣реИ
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Transact means to buy or...