Revised schedule vi confusion

Stat Audit 8246 views 33 replies

 

Arka,

Again, u hv to see on balance sheet date... if management is of the view that they will reover it within next 1 year den current,  or they show proof that it will be recoverd next yearr then non current otherwise create provision...

It dosnt matter it is outstanding for 18 months.. u have to see on balance sheet date wats its retrospective position...

 

Sorry guys it will be prospective not retrospective

Replies (33)

 

Arka,

Again, u hv to see on balance sheet date... if management is of the view that they will reover it within next 1 year den current,  or they show proof that it will be recoverd next yearr then non current otherwise create provision...

It dosnt matter it is outstanding for 18 months.. u have to see on balance sheet date wats its retrospective position...

 

Sorry guys it will be prospective not retrospective

To whom it is needed - saving karthik

Thanks sir.

I am also confused with same doubt but now my doubt is clear

Thanks sir.

I am also confused with same doubt but now my doubt is clear


CCI Pro

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