04 June 2012
Previously Advances & Deposits from Customer/Dealers & Others are shown under current liabilities. but now as per revised schedule VI whether it is to be disclosed under other current/non current liabilities or short/long term borowings.
04 June 2012
As per para 8.6.3 of Guidance Note to revised Schedule VI- It will be shown under "other current liabilities" as "Income received in advance".
CAclubindia
