03-28-2009, 08:06 PM
Dear,
All finances if payable within 12 months from balance sheet have to be shown in current liabilities as short term financing or current portion of long term financing depending upon the nature of the loan.
Revised 4th and 5th schedule to the Companies Ordinance, 1984 have suggested to show the Accrued Interest/Mark-up on the face of the balance sheet. It may appear within current liabilities after Trade and Other Paybles.
Regards,
KAMRAN.
All finances if payable within 12 months from balance sheet have to be shown in current liabilities as short term financing or current portion of long term financing depending upon the nature of the loan.
Revised 4th and 5th schedule to the Companies Ordinance, 1984 have suggested to show the Accrued Interest/Mark-up on the face of the balance sheet. It may appear within current liabilities after Trade and Other Paybles.
Regards,
KAMRAN.