alleryStart learning →Trade payables on the face of the balance sheet are split into dues of
ALocal and foreign creditors
BMicro/small enterprises and others
CSecured and unsecured creditors
DRelated and unrelated parties
Answer & Solution
Correct answer: B. Micro/small enterprises and others
The format separates dues of micro and small enterprises from dues of creditors other than those enterprises.
Keep practising Schedule III Division I Financial Statements
Browse all Schedule III Division I Financial Statements questions for CA Inter, or explore more Accounting topics.
Related questions
Subsidiaries not consolidated must be listed along withTransactions unrecorded in books but surrendered as income in tax assessments are shown asExport earnings in foreign exchange are disclosed on which basis?Imports must be disclosed on which valuation basis?A trading company discloses, under broad heads, itsA manufacturing company reports raw materials underDisclosure of CSR expenditure applies to companies covered underA separate item threshold is 1% of revenue or Rs 1,00,000, whichever is higher. For Rs 5 c