How to verify lc devolvement and bg invoked
This query is : Resolved
dharmender
(Querist)
26 December 2013
1.How to verify LC devolvement and BG invoked.
2.A company has working capital limits from different banks. Then how to verify whether the company has utilized for business activity or for capital expenditure.
2.A company has working capital limits from different banks. Then how to verify whether the company has utilized for business activity or for capital expenditure.
CMA Ramesh Krishnan
(Expert)
29 December 2013
Q1. LC devolvement will be checked with the LC out standing statement received from bank & BG invoked can be confirmed with bankers
Q2. Need to prepare the cash flow & fund flow statement and analysis the same
Q2. Need to prepare the cash flow & fund flow statement and analysis the same
dharmender
(Querist)
30 December 2013
is there any LC outstanding statement will issue by the bank?
if yes, monthly bank will issue?
bez i have not seen such statement till now.
if yes, monthly bank will issue?
bez i have not seen such statement till now.
CMA Ramesh Krishnan
(Expert)
31 December 2013
Yes. Bank will issue the LC outstanding statement on request, based on that you can reconcile your development details if any.
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