Accounting Dictionary - Letter T
is a loan that is to be repaid on a certain date (i.e., maturity date) or via systematic payments over the term of the loan. If the payment date is not within one year after the balance sheet date, the loan is presented under the non-current liabilities on the balance sheet.
Don't see the term you are looking for? Try searching our entire website:
Not a member?
See why people join our
online accounting course:
online accounting course:
