Working capital recognition
This query is : Resolved
08 March 2012
Is tax payable a current liability or provision??thus is it a part of working capital??
09 March 2012
Normally we create a provision for tax payable. However, it is classified as a current liability because it is expected to be paid within 6 months.
09 March 2012
Thnx sir..bt my ques is.. Will v consider it in calculation of working capital?? Or v'll ignr it..?
10 March 2012
Yes, you wil consider it in the calculation of working capital.
31 March 2012
I agree with the expert and he has correctly guided you. Kindly follow his advise.
03 April 2012
Sir undr sec 87(2)(b) of the companies act 1956,it is said that cumulative pref share holders are entitled to attend n vote in a general meeting of a company if prf dvdnd is in arear for more than 2 years....so my qust is will they constitute the qouram in this meeting??
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