hey all,
i was looking for the definition of trade receivable/payable under revised schedule 3.
can anyone tell me what is the number of days criteria to make a distinction between non current and current items i.e. trade receivable/payable.
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Trade receivable/payable in revised schedule3
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Generally it is 12 months from reporting date. However for better understanding refer decimation of current and not current envisaged in Schedule III.
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