hey all,
i was looking for the definition of trade receivable/payable under revised schedule 3.
can anyone tell me what is the number of days criteria to make a distinction between non current and current items i.e. trade receivable/payable.
hey all,
i was looking for the definition of trade receivable/payable under revised schedule 3.
can anyone tell me what is the number of days criteria to make a distinction between non current and current items i.e. trade receivable/payable.
Gautam Sharma
(CA)
(68 Points)
Replied 26 May 2016
Generally it is 12 months from reporting date. However for better understanding refer decimation of current and not current envisaged in Schedule III.
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