How to calculate liabilities in balance sheet?



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In case of Balance Sheet, a company has a Loan of amount 25Lacs to pay.However, it has to pay only 1Lac in the current year.In this case, do we need to mention 25Lacs in Non -Current Liability and 1Lac in Current Liability? As the 1Lac is part of entire 25Lacs,does both get in to same balance sheet?

3 Answer(s)


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1 lac gets into current liabilities and 24 lacs stays in non-current liabities.

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In that case, the same amount(1 Lac) is repetitive?

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no the 1 lac gets subtracted from the non-current liabilities