Balance Sheet Items

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Jyoti (Querist)
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27 June 2011 Q-1. What is the right head in Balance sheet for the following items?

Cenvat credit Received ( on S.T)
Cenvat Credit Available ( on S.T)

Current Asset is right or wrong? Why? Can we clubbed together both items?

Q-2. Tds Payble in two different years e.g 2009-10 and 2010-11 is given?
Tds on work contract is also given year not mentioned here.
Can we clubbed all the three items?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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28 June 2011 When Cenvat is received then how it will appear but if it is receivable then Current Assets.

If TDS for 2009-10 and 2010-11 then open two different accounts so that in coming years you are not in trouble.

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