Current assets reporting standardises disclosure of sundry debtors, cash, bank balances and loans in the annual schedule. Schedule XI prescribes itemised presentation of current assets and loans/advances in the annual statement: sundry debtors (distinguishing debts overdue over six months), cash balances (including cheques/drafts), bank balances by account type, post office savings; and a separate section for loans to staff, similar entities and others, advances (capital, prepayments, others), accrued income by source, claims receivable, and totals for A, B and A+B.
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Provisions expressly mentioned in the judgment/order text.
Current assets reporting standardises disclosure of sundry debtors, cash, bank balances and loans in the annual schedule.
Schedule XI prescribes itemised presentation of current assets and loans/advances in the annual statement: sundry debtors (distinguishing debts overdue over six months), cash balances (including cheques/drafts), bank balances by account type, post office savings; and a separate section for loans to staff, similar entities and others, advances (capital, prepayments, others), accrued income by source, claims receivable, and totals for A, B and A+B.
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