Category: Book Keeping


Short-Term Borrowing means all Indebtedness in respect of borrowed money maturing on demand or within one year from the date of the taken and not directly. Short-term borrowings can be classified as: (a) Loans repayable on demand;           (A) from Read more…


As per Schedule III of Companies Act 2013, trade payables described as: A payable shall be classified as a “Trade Payable” if it is in respect of the amount due on account of goods purchased or services received in the Read more…

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