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buyer's credit

This query is : Resolved

CA. Aryendra (Querist)
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30 July 2010 Dear Friends,

Can anybody guide me what will be presentation of buyer's credit in Balance sheet as per Indian Accounting Standards

CA. Anoop Gadia

CA. Anoop Gadia (Expert)
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30 July 2010 As current balance in liability side.

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CA. Aryendra

CA. Aryendra (Querist)
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03 August 2010 Any reason not show as Secured loan

CA. Anoop Gadia

CA. Anoop Gadia (Expert)
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23 August 2010 because there amount received as buying advance not as loan.

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