B.g. invocation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2013
What will be the accounting entry when B.G. has been invocated by the party and bank has paid the B.G. amount.
Bank has adjusted the B.G. amount by pre mature of F.D. laying with bank as security
Bank has adjusted the B.G. amount by pre mature of F.D. laying with bank as security
CMA Ramesh Krishnan
(Expert)
06 August 2013
What is the reason for invocation?. in case any damage claim, need to debit loss and credit BG
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