Interest accrued and due on loan could be included under _______________.

Current Liabilities

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Provisions

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Loan account

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Capital account

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Solution

The correct option is C Loan account
Interest accrued and due on loan should be included under the loan account. Outstanding interest which is not yet paid has to be added to the loan account as outstanding interest.

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Interest accrued and due on borrowings shall be shown under _____

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