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Revised schedule vi

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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.
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
04 June 2012 Under trade payable you can show advance from buyers.
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
04 June 2012 Under trade payable you can show advance from buyers.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
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".
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