where do we show debut balances of cc a/c in revised schedule VI ..will it be shown as a negative figure in current liabilities or cash and bank balance in current assets
CA Pooja Agarwal (Chartered Accountant) (3228 Points)
28 November 2012where do we show debut balances of cc a/c in revised schedule VI ..will it be shown as a negative figure in current liabilities or cash and bank balance in current assets
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 28 November 2012
It will be shown under head "Cash & Cash Equivalents" under Current Asset.....
Rishabh Mishra
(Student CA Final )
(44 Points)
Replied 29 November 2012
it will be shown under long term borrowings.......