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Bank loan repayable within 1 year

  • 11-12-2018 8:12pm
    #1
    HcksawJimDuggan
    Registered Users, Registered Users 2 Posts: 394 ✭✭


    Hi All,

    Seems like a simple query but can't find a definitive answer elsewhere on line.

    Is the figure used for bank loans under creditors - amounts falling due within 1 year:
    (a) Monthly loan repayments x 12
    Or
    (b) Monthly loan repayments x 12 less an estimate of the annual interest charge.

    Cheers,
    Hcksaw.


Comments

  • #2
    Bobby1984
    Registered Users, Registered Users 2 Posts: 269 ✭✭Bobby1984


    B. Payments less estimated interest charge


  • #3
    Eireog1
    Registered Users, Registered Users 2 Posts: 81 ✭✭Eireog1


    I do A as its a definite figure. If you pay off the loan tomorrow there wont be the interest for the full year.


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