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Whether the term loan which was long term as on Mar-11, but
now it is short term due to its repayment within one year
from the reporting period. Whether it should be classified
as short term borrowings or other current liabilities as per
Revised schedule VI.

Answers were Sorted based on User's Feedback



Whether the term loan which was long term as on Mar-11, but now it is short term due to its repayme..

Answer / monika khandelwal

it should be classified as short term borrowings

Is This Answer Correct ?    10 Yes 4 No

Whether the term loan which was long term as on Mar-11, but now it is short term due to its repayme..

Answer / dhiraj kumar

nature of long term and short term depond upon the date of the amount is taken instead of remaining period of the loan amount

Is This Answer Correct ?    1 Yes 3 No

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