Buy back

Accountancy

In buyback, In post debt equity test , Here debt means short term debt , long term debt , secured debt , unsecured debt and includes all current liabilities like creditors, bills payable etc.. Am I correct in definition of debt in this chapter

Krishnan K

CA Inter

★ 5K+

25-May-23 19:59

627

Answers (3)

I think only long term debt has to be taken.

Varshaa M

CA Final

★ 35K+

25-May-23 20:11

Varshaa M

I think only long term debt has to be taken.

In fm( paper8), we take only long term debt.that's confirm But I don't know how here

Thread Starter

Krishnan K

CA Inter

★ 5K+

25-May-23 20:13

All short term and long term debt. Only loan. Does not include current liabilities like creditors.

CA Suraj Lakhotia

Admin

26-May-23 14:41

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

Buy back

Your Reply

Company

Information

Offerings