Balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2014
Is Cash Credit Facility from banks for working capital a part of current liabilities?
In the old schd VI it was shown under the head Secured Loans but in the revised Schd VI it has been covered under Current Liabilities .
By taking the Cash Credit in Current Liabilities, it adversely effects to derive the net working capital (Current Assets-Current Liabilities.)
pl clear the status at the earliest.
thanking you
In the old schd VI it was shown under the head Secured Loans but in the revised Schd VI it has been covered under Current Liabilities .
By taking the Cash Credit in Current Liabilities, it adversely effects to derive the net working capital (Current Assets-Current Liabilities.)
pl clear the status at the earliest.
thanking you
Vishnu Saboo
(Expert)
15 April 2014
i believe this is still secured loan under current liability head.
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