Which one of the following alternatives is false regarding the loans advanced to the members of the close corporation?

Time left $0$:$34$:$10$

a$.$ Loans to members of the close corporation are recorded as current assets and interest may be charged on the amount owing to the close corporation.

b$.$ Interest on loans to members of the close corporation's may not be charged if the loan is advanced $1$ month before the close corporation's financial year end.

c$.$ Loans to members of the close corporation are recorded as current assets unless clearly indicated that they are repayable in less than $12$ months.

d$.$ If the terms of the loan is that interest is capitalised, the interest correctly calculated should be added to the loan capital to increase the balance owing to the close corporation.