#42956
RonaldSom
Teilnehmer

Is there any common concensus on the definition on the length of a short-term loan?

What period is meant by „short term“?

I am having problems with this categorization in our accounting. Our previous accountant categorized loans differently from what the bank says. He recorded 5 mo loans as short-term, but I see our bank calls them long-term, so I do not know.