3cd
This query is : Resolved
03 October 2013
if any unsecured loan is taken by partnership firm or Co. & in annexure to 3CD it is shown as current liability then in the unsecured loan taken annexure should the amount be disclosed?
Ganeshbabu K
(Expert)
03 October 2013
YES UNSECURED LOAN IS TREATED AS UNSECURED LOAN FOR 3CD ANNEXURE PURPOSE
.
.
AND CURRENT LIABILITY WILL BE REDUCED BY UNSECURED LOAN AMOUNT
.
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AND CURRENT LIABILITY WILL BE REDUCED BY UNSECURED LOAN AMOUNT
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