Respected members,
I have doubt regarding disclosure of bills discounted with banks in Balance sheet.
Should we net off such discounted bills with receivables? Or Should bills discounted be shown as a liability with corresponding receivable in trade receivables?
Please clarify.
Many Thanks
BILLS DISCOUNTED SHOULD BE SHOWN AS A CONTINGENT LIABLITY ONLY:
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Shaswat initial support private limited
Ahmedabad
CS
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
