Trade Payables
General Instructions for Preparation of StatementsTrade payables shall be classified as dues to MSME and dues to others.
Trade Payables Workings
Schedule III, Part I — Division I (Section F) — FY 2025-26Definition
Amounts due to vendors or suppliers for goods and services purchased in the ordinary course of business.
Recognition Criteria
Recognized when ownership of goods or services is transferred, and the obligation to pay is established.
Measurement Principles
Measured at the invoiced amount, adjusted for expected discounts.
Audit Procedures Dashboard
Trade Payables (Division 1)Trade Payables Aging Schedule
| Vendor Name | < 1 Year | 1 - 2 Years | 2 - 3 Years | > 3 Years | Total (₹) |
|---|---|---|---|---|---|
| Vendor A (MSME-Small) | 45,000 | - | - | - | 45,000 |
| Vendor B (Standard) | 1,20,000 | 10,000 | - | - | 1,30,000 |
| Vendor C (Disputed) | - | - | 50,000 | 20,000 | 70,000 |
| Vendor D (MSME-Micro) | 25,000 | - | - | - | 25,000 |
| Vendor E | 85,000 | 5,000 | - | - | 90,000 |
| Vendor F (Import) | 4,50,000 | - | - | - | 4,50,000 |
| Vendor G (Utility) | 12,000 | - | - | - | 12,000 |
| Vendor H (Logistics) | 60,000 | 15,000 | - | - | 75,000 |
| Vendor I (Rent) | 1,00,000 | - | - | - | 1,00,000 |
| Vendor J (Consultant) | 30,000 | - | - | - | 30,000 |
| TOTAL | 9,27,000 | 30,000 | 50,000 | 20,000 | 10,27,000 |