1. TDS/Advance Tax :- Loans and advances under the head adv with govt authorities 2. Retention amt. :- I cant understand this,plz explain the exact nature 3. Deposits :- Under the head loan and adv- as deposits
Item - 1 & 3 wil not be considered while calculating Current ratio
21 September 2009
In case of contracts, a percentage of amount, say 5% of Contract value, will be with-held/deducted and paid after some period of time, say 6 mnths r 1 yr.
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