satya narayana (Student CA IPC / IPCC) (124 Points)
03 December 2013If a company is having sundry creditors for machinery purchased. Is it correct to show it under trade payables in balance sheet, as the above said creditors are not arised in the ordinary course of business.
SAURABH NENE
(Chartered Accountant)
(226 Points)
Replied 04 December 2013
You can separately show it under the trade payables.
satya narayana
(Student CA IPC / IPCC)
(124 Points)
Replied 04 December 2013
| Originally posted by : SAURABH NENE | ||
 |
You can separately show it under the trade payables. | |
Dear SAURABH NENE,
But i think trade payables are the one which arise while doing transactions like purchase of raw material or goods in the ordinary course of business. so is it right to show creditors for machinary under trade payables.
CAclubindia
