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Guarantee cheq issued to client

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(Querist)
07 May 2014 Under which head the guarantee cheque issued to client for guarantying work completion will be posted
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 May 2014 it should not be posted anywhere. however, disclosure should be made in the notes to accounts for contingent liabilities if any in this regard.
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asharaf

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asharaf (Querist)
07 May 2014 is it possible to track the guarantee cheq issued, using tally?




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