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 ... Summary
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.
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