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Mtp may 22 Q 5(a)

Accountancy

1)They have taken loan from other parties as other current liabilities can we take under short term borrowing 2) why provision for doubtful debt not taken as short term provisions

Gauri Shete

CA Final

★ 4K+

13-May-22 10:51

532

Answers (2)

1. Short Term Borrowing mainly includes Cash Credit and Over Draft. 2. Provision for Doubtful Debts must be reduced from Trade Receivables.

Pratik Badade

CA Final

★ 2K+

13-May-22 11:15

see this

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Pratik Badade

CA Final

★ 2K+

13-May-22 11:19