Projected balance sheet

Aman Mittal (hi) (20 Points)

13 September 2020

while preparing projected balance sheet of private company.....companies act will follow or income tax act

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4 Replies

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 13 September 2020

Always company act will follow.

Aman Mittal (hi) (20 Points)
Replied 14 September 2020

Salary payble is included in trade paybles or other current liabilities

CA Raj Doshi (Practising CA) (8924 Points)
Replied 14 September 2020

Salary Payable is included in Other Current Liabilities.

Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E :raj @ rcdco.in

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 14 September 2020

Yes, required to follow Company Act to Prepare Projected Balance sheet of Company.
Salary Payable is to be shown under Other current liabilities..

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