Is a loan taken over 10 years a current liability?
submitted by chantelle

MHG

the wording of question is not clear. instead of word over it should be for.
loan taken for 10 years is not current liability only current portion of repayment & interest accrued on loan is current liability.

pere

A loan taken over 10 years is long term liability. A loan below 5 years is a current liability.