Revised schedule vi

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Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2013 Under which category the Call money received should be shown in Balance Sheet as per Revised Schedule VI?

CA Parul Saxena

CA Parul Saxena (Expert)
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18 March 2013 If the calls in advance has been received then it must be shown under the head Current Liabilities if the due date of the Call is within 1 year from balance sheet date.
If the call money has been received in time....then it should be shown under the head Share Capital.