How to show advance received and paid.

This query is : Resolved

Vaibhav Jandey (Querist)
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01 June 2013 Please tell me where in revised schedule VI to show following items. Kindly locate the same specifically.

1. Bank overdrawn.
2. Advance received from Debtors.
3. Advance paid to Creditors.

Vaibhav Jandey

Vaibhav Jandey (Querist)
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05 June 2013 Please reply experts.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 June 2013 Bank over drawn under secured liabilities

Advance from debtors- other current liabilities

Advance paid to creditors - other current assets & loans advances

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Vaibhav Jandey

Vaibhav Jandey (Querist)
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20 June 2013 Thank you sir for replying..it was helpful.

Vaibhav Jandey

Vaibhav Jandey (Querist)
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20 June 2013 What is the logic behind treating Bank overdrawn so ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 June 2013 All the bank borrowings are secured with the some security. Bank OD will be secured with stock & debtors generally

Vaibhav Jandey

Vaibhav Jandey (Querist)
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21 June 2013 Thanks again sir for your reply...
One more favor from you sir..
Could you suggest me some tips for Self studying Indirect Taxes for Final(CA)...

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 June 2013 you can refer my article. and want more guidance, reach me through mail

https://www.caclubindia.com/articles/tips-to-study-in-taxation-papers-8476.asp

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Vaibhav Jandey

Vaibhav Jandey (Querist)
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22 June 2013 Thank you very much for all your assistance. Yeah I would surely be reaching you through mail.