As per Revised Schedule III - A payable shall be classified as 'trade payable' if it is in respect of amount due on account of goods purchased or services received in the normal course of business.
Should Rent payable and Legal fee payable (both are indirect expenses) to be considered as services received in the normal course of business or not? Should it be classified under Trade Payable or Other Current Liabilities?
Can u please elaborate on how you have concluded?
Can u please elaborate on how you have concluded?
Can u please elaborate on how you have concluded?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
