I have a computer institute , I want to implement Tally7.2 then what should I considered the back year student dues, is it current assets in new fiscal year or not?

Quote:

---

Originally Posted by Bal krishna sah

I have a computer institute , i want to implement Tally7.2 then what should i considered the back year student dues, is it current assets in new fiscal year or not?

---

Usually current assets are those that are collectible within one year however the life of company which has loss of IT systems is considered two months