Fund utilization report

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swati aggarwal (Querist)
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25 November 2013 How one should prepare this fund utilization report, what type of transaction to be recorded ,Is it prepare on accrual basis, what is the format of this report if it is preparing for a company

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 November 2013 Dear Swati,

preparation of such reports depends on the objective and instructions of the receiver of the report.

If this report is being made for the lenders, you need to prepare the utilization report on cash basis as the lender is interested in whether or not the drawings made have been utilized for the stated objectives or not.

swati aggarwal

swati aggarwal (Querist)
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25 November 2013 for internal purpose only.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 November 2013 then you make make on accrual basis. it would be nothing but a fund flow statement!!

swati aggarwal

swati aggarwal (Querist)
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25 November 2013 Thank u so much for your reply

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 November 2013 you are welcome

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