Cash credit limit in balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2013
Hi All.
I have availed CC limit of Rs.100000/- I have utilised the whole amount. I want to know what and how is this presented in the balance sheet.?
Is it going to be presented as Loans and Liabilities or Negative Cash Bank Balance or it should be shown as Current Liabilities.
I have availed CC limit of Rs.100000/- I have utilised the whole amount. I want to know what and how is this presented in the balance sheet.?
Is it going to be presented as Loans and Liabilities or Negative Cash Bank Balance or it should be shown as Current Liabilities.
25 February 2013
It is loan to you from bank. So should be disclose under Loans.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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