What is short term borrowing from banks in current liabilities
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Bank account overdrafts - These are short term advances made by the bank ... Current maturities of long-term debt - This is the part of a long term debt that is ...
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Definition of Short Term Bank Loan. When a company borrows money from its bank and agrees to repay the loan amount within a year, the company will record the loan by increasing its cash and increasing a current liability such as Notes Payable or Loans Payable.
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