What do we mean by Current Portion of Long-term Debt?

January 18th, 2010 Comments off
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Current Portion Of Long-Term Debt

  • The current portion of long term debt is the portion of the principal¬† on long-term debt that will be paid within the year.
  • Usually payable in installments (for example, mortgage payments)
  • Any unpaid interest on long-term debt is regarded as interest payable

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Financial Accounting

 
 

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