Hi
i would like to know that where deposit given to sales tax, telephone and electricity should be shown under Revised Schedule VI of the company?
thankimg you
2 Replies
S Gupta
(Finance Manager)
(92 Points)
Replied 03 August 2012
Hi
the deposits grouped under long term loans and advances (unsecured, considered good).
CA Ankit Shah
(Practice)
(32 Points)
Replied 16 August 2012
If deposits are expected to be realised within next 12 months from balance sheet date then it will be shown under short term loans & advances else long term loans & advances.
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