Rent advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2012
How to deal with "rent advance" received in the revised schedule VI balance sheet
11 May 2012
it will be under the head of Current Liablities in that other current liability
11 May 2012
You can show it as "Income received in advance" and that will be grouped and classified as per revised schedule VI under "other current liabilities".
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