Block 6 : Outstanding loan including interest : Loan : Any borrowing in cash to be repaid in cash or kind is termed as loan. When a loan is granted by a banker/financier, the whole amount is placed at the disposal of the customer and interest at an agreed rate is charged thereon from the date of the loan. Information on cash loan taken for the enterprise including interest which is outstanding at the beginning and at the end of the reference year by different sources of loan will be collected in this block. The repayment of loans for the current year will also be recorded.All loans incurred in cash but subsequently repaid or contracted to be repaid in cash or kind will be considered as cash loans. Trader's credit (i.e., credit given by a trader in expectation that the borrower will sell his products to the trader), amounts due to merchants/shopkeepers, credit purchase from raw materials suppliers, unpaid bills of lawyers/firms, outstanding taxes/ revenue/rent payable to Government or public bodies, will not be treated as loan for making entries in this block. It may be noted that cash loans taken for the purpose of utilising the same in enterprise will be included even if such loans are used for other purposes. On the other hand, loan taken for other purposes but ultimately used in the enterprise will be excluded.
Cases: | 42863 |
Variables: | 22 |