Jacob has a bank loan, which is repayable in equal instalments over the next four years.How should this be presented in his statement of financial position? A: As a non-current liability only B: As a current liability only C: As a non-current liability only, but with an explanation in the notes to the accounts that some is expected to be paid within the current year D: Split between current liabilities and non-current liabilities
Jacob has a bank loan, which is repayable in equal instalments over the next four years.How should this be presented in his statement of financial position? A: As a non-current liability only B: As a current liability only C: As a non-current liability only, but with an explanation in the notes to the accounts that some is expected to be paid within the current year D: Split between current liabilities and non-current liabilities
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