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Rent advance

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2012 How to deal with "rent advance" received in the revised schedule VI balance sheet
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BHARATH KOTHARI

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BHARATH KOTHARI (Expert)
11 May 2012 it will be under the head of Current Liablities in that other current liability
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
11 May 2012 You can show it as "Income received in advance" and that will be grouped and classified as per revised schedule VI under "other current liabilities".
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