bank audit
This query is : Resolved
08 April 2011
Detailed form 111 shows the sanction limit is 0 or lessor than the advance amount.
what should be the treatment in aur audit report.
what should be the treatment in aur audit report.
10 April 2011
I dont know what is form 111. But when the advance amount is more than the limit and if the situation is more than 90 days as on the balance sheet date, you should pass MOC to classify the account as NPA, since the account has been continuoulsy in excess of the limit for 90 days or more.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- TDS Return Q1 FY 2026-27
- GST rate and HSN code for sale of racing horses
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Condonation . E-Verification of last year return .
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
