Explanation:

Short-term Borrowings appear in a Company’s Balance Sheet under the head Current Liabilities. Short-Term Borrowing means all Indebtedness in respect of borrowed money maturing on demand or within one year from the date of the taken and not directly. Short-term borrowings can be classified as:

(a) Loans repayable on demand;

          (A) from banks.

          (B) from other parties.

(b) Loans and advances from related parties;

(c) Deposits;

(d) Other loans and advances.