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Current & Non- Current Liabilities
The loan payable for a particular period is considered here as a current liability. In that case is the loan amount in Non current liability considered in diminishing value every time the B/S is prepared?
Feb 13 2013 01:26 PM
Yes that is correct. Interest and current portion of loan is current liability and remaining is non-current liability
Feb 18 2013 10:49 PM
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