What is CAPITAL ADVANCE


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Capital advance refers to payments made in advance for purchase of fixed assets. These amounts are shown under other non current assets in the balance sheet until the asset is acquired and capitalized.

01 December 2019 What is Capital Advance ?

14 June 2020 Advances paid towards acquisition of tangible assets outstanding at each Balance Sheet date are disclosed as Capital Advances under ‘other Non-current Assets’ in Financial Statements.

https://mca.gov.in/Ministry/pdf/Ind_AS27.pdf


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