Revised schedule vi
This query is : Resolved
04 June 2012
Previously Advances & Deposits from Customer/Dealers & Others are shown under current liabilities. but now as per revised schedule VI whether it is to be disclosed under other current/non current liabilities or short/long term borowings.
04 June 2012
Under trade payable you can show advance from buyers.
04 June 2012
Under trade payable you can show advance from buyers.
04 June 2012
As per para 8.6.3 of Guidance Note to revised Schedule VI-
It will be shown under "other current liabilities" as "Income received in advance".
It will be shown under "other current liabilities" as "Income received in advance".
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