Liablities
This query is : Resolved
27 January 2013
dear respected sir
an assessee taken a car for the business
in finance of rs 280000 and instal ment paid of rs 73000 upto 31 mar for the previous year. hence in b/s in liablities
side can I show 280000-73000 as liablity or
rs 280000 as liablity? advive me thanks
an assessee taken a car for the business
in finance of rs 280000 and instal ment paid of rs 73000 upto 31 mar for the previous year. hence in b/s in liablities
side can I show 280000-73000 as liablity or
rs 280000 as liablity? advive me thanks
HUZAIFA HUSSAIN
(Expert)
27 January 2013
in balance sheet only the balance payable as on 31-03 shall be shown.
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