Bank Gaurantee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2010
Respectd member
Can any tell me In bank audit what is the difference between performance bank gurantee and other than perfomance bank guarntee.
Thanks in advance
Can any tell me In bank audit what is the difference between performance bank gurantee and other than perfomance bank guarntee.
Thanks in advance
30 May 2010
As the name suggests, the performance bank guarantee is related to performance of the party, in case he is not able to perform his part of performance, the bank may become liable to pay for the consequences.
And Bank Guarantees other than Performance, are those in which some amount/value is involved. Like a person entering in transaction of sale/purchase might be to support his contract with Bank Guarantee.
And Bank Guarantees other than Performance, are those in which some amount/value is involved. Like a person entering in transaction of sale/purchase might be to support his contract with Bank Guarantee.
30 May 2010
Agree with Mr. Rajesh
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Specified Profession
- Last year TDS Claim
- STCG FOR GOLD ETFs
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
