https://www.taxtmi.com/article/detailed?id=17710 Warning signs include receivables or inventory growing faster than sales, old or doubtful debts, vague current-asset balances, related-party or director advances, overdue statutory dues and short-term borrowing used for long-term assets. Statutory arrears may carry interest, penalties and legal consequences; negative net worth may trigger directors' duties in some jurisdictions. Disputed tax demands, guarantees and pending litigation may appear in the notes as contingent liabilities rather than in headline figures. Reporting-date window dressing can make a balance sheet appear stronger without improving the underlying position. en-us Fri, 06 Nov 2026 08:32:53 +0530 Fri, 06 Nov 2026 08:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17710 Warning signs include receivables or inventory growing faster than sales, old or doubtful debts, vague current-asset balances, related-party or director advances, overdue statutory dues and short-term borrowing used for long-term assets. Statutory arrears may carry interest, penalties and legal consequences; negative net worth may trigger directors' duties in some jurisdictions. Disputed tax demands, guarantees and pending litigation may appear in the notes as contingent liabilities rather than in headline figures. Reporting-date window dressing can make a balance sheet appear stronger without improving the underlying position. Articles Accounting - Auditing Fri, 06 Nov 2026 08:32:53 +0530 https://www.taxtmi.com/article/detailed?id=17710