How is unpaid installments (due) to the hire vendor disclosed in Balance sheet?
Don't we have to state the fixed asset at full value in the b/s even if not paid?!
Also, if once the dividends are declared in meeting can they be revertred back in agm coz of insufficient profits?
Actually i wanna know "under which head the undue installments will be classified" in liabilities side?
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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My Legal Tax Consultants Pvt. Ltd.
Noida
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