banner_ad

Bank od

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 June 2014 I need to know whether the LC opened for importing the goods with the bank for rs. 1000 will be entered in the books as bank OD?
Profile Image

CA UMESH DULAL

Profile Image

CA UMESH DULAL (Expert)
11 June 2014 It should be treated as contingent liability unless the payment is made.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
12 June 2014 lc charges will book when you make payment and also LC show as notes on balance sheet date and make payment entry when you make payment .
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 June 2014 What will be the payment entry be in the books?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details