Regarding Credit Lines, please select the correct answer

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Credit lines are a financial liability that bear an interest expense and that are posted at the end of each period at the amortised cost based on the amortised cost table

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Credit lines are not a financial liability as we do not post any entry regarding credit lines until we do the first interest payment

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I do not know the answer

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Credit lines are a financial liability where the first entry affecting the credit side of the balance sheet of the company will take place whenever the first drawdown takes place

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The first entry to be posted in a credit line will be always when we sign the contract, and we will debit cash and credit the financial liability only for the available amount on that date

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Regarding Credit Lines, please select the correct answer

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