LETTER OF CREDIT
This query is : Resolved
06 May 2008
DEAR SIR,
I HAVE A DOUBT REGARDING ACCOUNTING OF LETTER OF CREDIT WHICH HAS BEEN ACCEPTED BY THE COMPANY BUT NOT CLEARED DURING END OF FINANCIAL YEAR & HOW THESE ARE SHOWN IN THE BALANCE SHEET
I HAVE A DOUBT REGARDING ACCOUNTING OF LETTER OF CREDIT WHICH HAS BEEN ACCEPTED BY THE COMPANY BUT NOT CLEARED DURING END OF FINANCIAL YEAR & HOW THESE ARE SHOWN IN THE BALANCE SHEET
27 May 2008
no accounting in books, simply disclose in notes to accounts
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