Other Current Liabilities
General Instructions for Preparation of StatementsOther Current Liabilities including current maturities of long-term debt, statutory dues, and interest accrued.
Other Current Liabilities Workings
Schedule III, Part I — Division I (Section G) — FY 2025-26Definition
Current liabilities that do not fall under short-term borrowings, trade payables, or provisions, and are expected to be settled within 12 months from the reporting date.
Recognition Criteria
Recognized when the obligation arises to pay cash or services within 12 months (e.g., current maturities of long-term debt, interest accrued, statutory dues).
Measurement Principles
Measured at the nominal amount payable at settlement.