In the New Schedule VI, Liabilities and Assets are to be classified into Long Term and Short Term.
Provision for Gratuity and Earned Leave are Long Tem or Short Term?
E.KALAIKOVAN (Sr. Accounts Manager ) (340 Points)
09 March 2012In the New Schedule VI, Liabilities and Assets are to be classified into Long Term and Short Term.
Provision for Gratuity and Earned Leave are Long Tem or Short Term?
CA Manish Garg
(CA )
(287 Points)
Replied 06 June 2012
It will depend upon fact, short term if payable in 12 Months..