PROMISSORY NOTE	12 Months Ended
Mar. 31, 2024
PROMISSORY NOTE
PROMISSORY NOTE	NOTE 6 – PROMISSORY NOTE On May 31, 2019, the Company issued a promissory note to a legal firm at principal amount of $6,963 for the payable amount to a vendor. The note has a three month term and bears interest at 2% per annum compounded monthly. The note is now at default. As of March 31, 2024 and 2023, the promissory note payable was $6,963 and accrued interest payable was $674 and $534, respectively.

PROMISSORY NOTE

12 Months Ended

Mar. 31, 2024

NOTE 6 – PROMISSORY NOTE

On May 31, 2019, the Company issued a promissory note to a legal firm at principal amount of $6,963 for the payable amount to a vendor. The note has a three month term and bears interest at 2% per annum compounded monthly. The note is now at default.

As of March 31, 2024 and 2023, the promissory note payable was $6,963 and accrued interest payable was $674 and $534, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

PetroGas Co 10-K