Bank o d
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2011
Under which head of balance sheet Bank Over draft comes.
Secured Loan
or Current Liabilities
Under which head of balance sheet Bank Over draft comes.
Secured Loan
or Current Liabilities
10 September 2011
If the BANK OD is provided against any primary security or collateral security then it should be grouped under Secured Loans but if the same is TOD then it should be treated as unsecured loan/advance and hence should be grouped under unsecured loan or current liabilities.
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