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disclosure of advance received from customers

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(Querist)
11 September 2009 How is "Advance received from customer" to be disclosed in the Financial Statements of a Company as per Sch VI to the Companies Act?
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CP Ram

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CP Ram (Expert)
11 September 2009 It should be shown under the head "Current Liabilities" as "Advance From Debtors/Customers"..
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
11 September 2009 Current Liabilities
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