Liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2013
Dear Sir,
A assessee has received Advance from his customer Rs. 6.5 lacs in March 2013, assessee has issued sale bill in April 2013.
Now filing itr 4 I should show that 6.5 lacs amount in the column of sundry creditors in part BS
or
I should show it in coulumn of other provisions in part BS
I did not find column of other current liability in part BS.
Please advise me.
A assessee has received Advance from his customer Rs. 6.5 lacs in March 2013, assessee has issued sale bill in April 2013.
Now filing itr 4 I should show that 6.5 lacs amount in the column of sundry creditors in part BS
or
I should show it in coulumn of other provisions in part BS
I did not find column of other current liability in part BS.
Please advise me.
CA Mohit Bansal
(Expert)
27 September 2013
yeah. You can enter it into sundry creditors
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