(v2510.00) Current Portion of Long-Term Debt

(Increase in Current Portion of Long-Term Debt (v2510.01))

Portion of bonds, mortgage notes, and other long-term scheduled debt that matures (that is, for which some principal must be repaid) during the next fiscal year. This account refers only to repayment of the principal (face value), not to interest.

If part of a long-term obligation matures within the next year (such as serial bonds repaid in annual installments), classify the maturing portions in this account and include the balance of the obligation under Long-Term Debt: Scheduled (v2660).