Trade advance classification

Hi Sir or Madam

Could some one please advise trade advances can be classified under Loans and advances in Tally

Thanks in advance
Replies (3)
Quick Summary
This discussion explores the correct classification of trade advances within accounting software like Tally. While some suggest classifying them under 'Loans and Advances', the consensus leans towards a separate head on the balance sheet. The exact nature of this separate head, potentially related to short-term import/export financing, remains a point of inquiry.

Trade advance are not classified in balance sheet as loans and advance.
it is classified under a seperate head.
What is that separate head 🤔

@ sabhyasachi is correct. It appears to be some sort of loan related to imports and exports and short term on. I tried to find how it works but not enough web resources. Some else let us know what it is pkease

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