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Bank guarantee

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(Querist)
07 October 2015 dear sir

bank guarantee in which head appear in accounts
as deposit assets or any other
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 October 2015 Bank guarantee is not an asset or liability hence not appear in accounts. It is only a guarantee given by the bank for payment. Will appear only under notes on accounts.

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