Current liabilities classification standardises line-items and provisions for annual account disclosure under CCI rules. Schedule VII structures the annual accounts disclosure into A. Current Liabilities - including acceptances; sundry creditors (for goods and others); advances received; interest accrued but not due on secured and unsecured borrowings; statutory liabilities (overdue and others); and other current liabilities - and B. Provisions - including provisions for taxation; gratuity; superannuation/pension; accumulated leave encashment; trade warranties/claims; and other specified provisions, with totals for each section and a combined total.
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.
Current liabilities classification standardises line-items and provisions for annual account disclosure under CCI rules.
Schedule VII structures the annual accounts disclosure into A. Current Liabilities - including acceptances; sundry creditors (for goods and others); advances received; interest accrued but not due on secured and unsecured borrowings; statutory liabilities (overdue and others); and other current liabilities - and B. Provisions - including provisions for taxation; gratuity; superannuation/pension; accumulated leave encashment; trade warranties/claims; and other specified provisions, with totals for each section and a combined total.
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