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Why we present separately on the face of balance sheet "Accounts receivables" and "Amounts due from related parties"?

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Question added by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies
Date Posted: 2014/06/12
Vijay B S
by Vijay B S , Manager - Accounts Receivables , Lenovo India Pvt. Ltd

Accounts Receivables is the amount to be received from Trade / Business (Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business)

Amount due from related parties is a Non Trade receivable . Non trade receivables are amounts due for payment to an entity other than its normal customer invoices for merchandise shipped or services performed

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