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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Bank accounts of Non resident
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
