disclosure of advance received from customers

This query is : Resolved 

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?

11 September 2009 It should be shown under the head "Current Liabilities" as "Advance From Debtors/Customers"..

11 September 2009 Current Liabilities




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