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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2012 I WANT T KNOW

WHAT IS TREATMENT FOR AT END OF FINANCIAL YEAR ?

MONEY WILL BE RECEIVED IN FUTURE 2013 BUT DUE ON 2012 MARCH.

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

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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10 April 2012 The figures as appearing in the Balance Sheet is as on a particular 31st March if it is debtors then you have to state for mnore than 6 months and less than 6 months and other assets might be for more than 6 month and can be recovered in cash or kind in next or next to next financial year. As per the prevailing law if money is not recovered withing three years and no legal notice has been given then you are not entitled to recover through court.

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