Duties Paid Against Protest
This query is : Resolved
Rohit Agarwal
(Querist)
04 March 2010
What is the accounting treatment of Duties Paid Against Protest. whether to be charged off to P/L or consider as Asset.
15 March 2010
duties paid against the protest should be shown under current assets. however a note should be made in the notes or separate disclosure in schedules.
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