Difference between advanace and asset
This query is : Resolved
04 February 2009
Could you explain the difference between advance recoverable in cash or kind and current assets with items that are included in cr=urrent assets and advance as per schedule VI of companies act.
04 February 2009
Current assets are realized in cash only.
Advances recoverable are either realized in cash or in kind.
Advances recoverable are either realized in cash or in kind.
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