Showing vendor advances in Balance Sheet in ITR Form

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Business
103 Points Posted on 29 December 2021

Where to show vendor advances in the Balance Sheet in ITR-5?

1)  a. Current assets > 4. Other Current Assets

2)  b. Loans and advances > i. Advances recoverable in cash or in kind or for value to be received

3)  b. Loans and advances > ii. Deposits,loans and advances to corporates and others

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On 29 December 2021 at 16:35 Report
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Quick Summary
This discussion addresses the correct placement of vendor advances on the Balance Sheet within the ITR-5 form. It explores options such as 'Other Current Assets' or under 'Loans and Advances', specifically 'Advances recoverable in cash or in kind' or 'Deposits, loans and advances to corporates and others'.

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SEO Sai Gr. Hosp.
121407 Points Posted on 29 December 2021

2.                                                          

1 Reply
On 29 December 2021 at 18:50
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Company Secretary
5593 Points Posted on 30 December 2021
Under loans and advances point II
1 Reply
On 30 December 2021 at 02:02

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