Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/8825
Title: Accounting treatment of advance against bills: a closer book
Authors: Srinivasan, G.
Issue Date: 20-Sep-1981
Citation: Chartered Accountant, March 1981, 29, 9, pp. 690-691
Abstract: The role of advance against bills as a means of short-term finance has gained importance, thanks to the network of banks and transport agencies. The Tandon committee also encourages such advances as they are genuine business transactions. As their use is increasing, their accounting treatment requires a careful look. In this paper we unlike the shortcomings of current accounting practice and suggest an alternative.
URI: http://hdl.handle.net/11718/8825
Appears in Collections:Journal Articles

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