Sundry creditors
This query is : Resolved
22 October 2012
i want to clear the concept regarding new revised b/s ...what is included in NON CURRENT LIABILITIES ' in item other long term liabilties ' ?
AND what is included in CURRENT LIABILTIES in item trade payables?
Thanks in advance
AND what is included in CURRENT LIABILTIES in item trade payables?
Thanks in advance
22 October 2012
1) Trade payables that are due to be settled more than twelve months after the end of the balance sheet date may be classified under the line item NON CURRENT LIABILITIES..
2) Trade payables that are expected to be settled in the company’s normal operating cycle or due to be settled within twelve months from the reporting date may be shown under CURRENT LIABILITIES.
2) Trade payables that are expected to be settled in the company’s normal operating cycle or due to be settled within twelve months from the reporting date may be shown under CURRENT LIABILITIES.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Plot of land. Cost of Acquisition
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
