buyer's credit Facility
This query is : Resolved
03 August 2010
Dear Friends,
Can anybody guide me what will be presentation of buyer's credit in Balance sheet as per Indian Accounting Standards.
Please advise with reason
Can anybody guide me what will be presentation of buyer's credit in Balance sheet as per Indian Accounting Standards.
Please advise with reason
03 August 2010
I believe should be shown under secured loan where you are showing your other facilities like CC ,& should be calculated at exchange rate prevailing as on March 31st in case you have not taken forward cover or in case taken ,then at which forward rate is being booked.As bank has already paid to your vendors ,now you only need to pay to the bank at a specified date.
Still like to invite comments from some other experts also ,if this is correct or not?
Still like to invite comments from some other experts also ,if this is correct or not?
03 August 2010
AGREE WITH NITINJI ,
IT SHOULD BE SHOWN UNDER SECURED LOAN.
IT SHOULD BE SHOWN UNDER SECURED LOAN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Condonation . E-Verification of last year return .
- TDS Return Q1 FY 2026-27
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
