Dr. and cr. balance on 31st March
This query is : Resolved
25 January 2025
whether interest on cash credit charges on monthly basis
Dr. Balance or Cr. Balance on 31st March, what will be the accounting group on 31st March.
What will be paper require for cash credit on monthly basis.
please reply
Dr. Balance or Cr. Balance on 31st March, what will be the accounting group on 31st March.
What will be paper require for cash credit on monthly basis.
please reply
Nikhil Kaushik
(Expert)
30 January 2025
1. depends on the terms set out the loan agreement.
2. Please do go through basic accounting concept. I really suggest this to any one very basic questions about the nature of income/expenses/asset/liability. If are not clear about such basics, avoid doing anything beyond them.
2. Please do go through basic accounting concept. I really suggest this to any one very basic questions about the nature of income/expenses/asset/liability. If are not clear about such basics, avoid doing anything beyond them.
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