Fds, margin money on bgs/lcs
This query is : Resolved
02 August 2013
1) where we have to disclose Fixed Deposits in the Balance Sheet?
2) We are opening Fixed Deposits for the Margin Money on BGs/ LCs, where we have to disclose these FDs in the Balance Sheet?
2) We are opening Fixed Deposits for the Margin Money on BGs/ LCs, where we have to disclose these FDs in the Balance Sheet?
02 August 2013
Both Under Cash and bank balances itself
Margin money deposit nomenclature needs to be used under C&B balance
Since this is a restricted bank balance and if it will be subject to lien for more than 3 months do not consider this for cash flow statement as it is not a cash and cash equivalent. In such case consider it in Increase / decrease in loans and advances
Margin money deposit nomenclature needs to be used under C&B balance
Since this is a restricted bank balance and if it will be subject to lien for more than 3 months do not consider this for cash flow statement as it is not a cash and cash equivalent. In such case consider it in Increase / decrease in loans and advances
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