Recording of debt on balance sheet

alexsajwani · #1 Aug 16, 2007, 02:23 PM

Dear Sir/Madam,

As a novice in the world of accounting I have a simple question I would much appreciate if someone could help me with.

It is with regards to the recording of debt on the balance sheet.

When in the short term liabilities section one notes current financial liabilities as being 3000GBP, does this indicate the money loaned (i.e. how much cash I can have in hand) or does this include the interest to be paid over the lifetime of the loan (i.e. 2400 + interest = 3000GBP)

Your help would be deeply appreciated.

Kind regards,

Alex



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