Form of annual statement of accounts prescribes categories for current assets, advances, and cash and bank balances. The form prescribes a standardized schedule for reporting Current Assets, Loans and Advances, listing deposits, advances recoverable in cash or in kind (including advances on capital account, other advances, prepaid expenses, and interest accrued but not due), other current assets such as income receivable, and a detailed presentation of Cash and Bank Balances separating cash on hand, cheques, remittances in transit, and balances with scheduled and non-scheduled banks with current and deposit account breakdowns.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Form of annual statement of accounts prescribes categories for current assets, advances, and cash and bank balances.
The form prescribes a standardized schedule for reporting Current Assets, Loans and Advances, listing deposits, advances recoverable in cash or in kind (including advances on capital account, other advances, prepaid expenses, and interest accrued but not due), other current assets such as income receivable, and a detailed presentation of Cash and Bank Balances separating cash on hand, cheques, remittances in transit, and balances with scheduled and non-scheduled banks with current and deposit account breakdowns.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
