Revised schedule vi

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Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2013 Bank Overdraft will be classified under which head in Revised Schedule VI?? Current Liability or Short Term Borrowing?

Ganeshbabu K

Ganeshbabu K (Expert)
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19 August 2013 Short term Borrowing..because generaly OD facility is renewed every year...moreover it is repayable on demand ...if DP power reduces (bank will take stock statements every month)

refer guidence note on revised schedule VI for more

http://www.mca.gov.in/XBRL/pdf/Guidance_Note_Rev_ScheduleVI.pdf

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2013 ok..thank you..!

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