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Regarding Schedule VI of Companies Act,1956

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2010 As per schedule VI of Companies Act,1956 is it right to show Buyer's Credit under the head "Secured Loans"? If no, then under which head it is to be shown?
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CA Archana

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CA Archana (Expert)
11 May 2010 If you are talking of debtors credit balances then such balances can not be shown as secured loans but it should be under current liabilities.
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