Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 14 July 2012
Arka,
Again, u hv to see on balance sheet date... if management is of the view that they will reover it within next 1 year den current, or they show proof that it will be recoverd next yearr then non current otherwise create provision...
It dosnt matter it is outstanding for 18 months.. u have to see on balance sheet date wats its retrospective position...
Sorry guys it will be prospective not retrospective
CA Meet Sagarka
(Chartered Accountant)
(122 Points)
Replied 20 April 2018
Thanks sir.
I am also confused with same doubt but now my doubt is clear
CA Meet Sagarka
(Chartered Accountant)
(122 Points)
Replied 20 April 2018
Thanks sir.
I am also confused with same doubt but now my doubt is clear
CAclubindia
