Group Company Loan

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This query is : Resolved

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This discussion seeks clarification on how to classify loans received from group companies within financial statements. The user is unsure whether to label these as 'Inter Group Company Deposit' (ICD) and group them with bank working capital loans, or to classify them under financial liabilities, potentially as current liabilities. The aim is to determine the correct accounting treatment for these inter-company financial arrangements.

Arun Iyer

Arun Iyer (Querist)
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26 July 2020 Request you to kindly inform where should be grouped in the financial statement - if loan received group company as - "Inter Group Company Deposit" {ICD).

either should group under borrowing from bank - working capital loan and above said
Or
either should group under financial liabilities.