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.
Answer: d. 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.'
How many students from Institute R got placement?
I. The number of students studying in Institute Q and R are in the ratio of 5:7.
II. 55%...
If the players of Chennai Super Kings is increased by 42, find the players of Chennai Super Kings is approximately what percent of players of Kings XI P...
What is the average number of schools number of schools(constructed, destroyed, redeveloped ) in all the state together?
What is a two-digit number?
I. The difference between the two digit is 5.
II. First digit is smaller than th...
What is the average of L, 50, 76, 82, M and N?
I. L is six more than M.
II. N is four less than L.
In which year was the difference between the number of male viewers and the female viewers of the Times Now is the highest?
What is the percentage profit earned by selling a car for Rs. 5,40,000?
I.The amount of profit earned by selling the car is Rs. 2,70,000.
...
What is the smallest number of the six numbers?
I.The average of six consecutive odd numbers is 8.
II. The s...
Players played for Chennai Super Kings is what percentage less than the players played for Mumbai Indians?
Total number of viewers of Zee News in the year 2011 is approximately how much % less than the total number of male viewers of Zee News over all...