Fund utilization report
This query is : Resolved
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
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.
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.
25 November 2013
for internal purpose only.
25 November 2013
then you make make on accrual basis. it would be nothing but a fund flow statement!!
25 November 2013
Thank u so much for your reply
25 November 2013
you are welcome
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