HI Friends,
Interest Reciveble where we can show in the balace sheet. i.e under head of Current Assets .
i thinks it is righ .
Please send me the correct answer
Vidya
(Service with a reputed CA firm)
(75 Points)
Replied 29 July 2012
As per the Guidance note on Revised Schedule VI Interest receivable on Fds or short term deposits should be included cash & cash equivalents. & Interest accrued on Investments in Other Current Assets
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