Hi Sir or Madam
Could some one please advise trade advances can be classified under Loans and advances in Tally
Thanks in advance
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Trade advance classification
Replies (3)
Quick Summary
Trade advance are not classified in balance sheet as loans and advance.
it is classified under a seperate head.
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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