Loan from SBI

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 June 2011 dear sir, my client, who is a doctor wants to buy a ready made house worth Rs.1500000/-. he wants to take loan Rs.10 lakhs,from SBI. the bank Manager wants a project report. what accounts or statements should i prepare?

Client not covered u/s44AB.

01 June 2011 Bank wants to get creditability report of their loan and its repayment.

you have to make last 2 years P/L and balance sheet in reconcilation with his returns filed, and next 2 years projected P/L and balance sheet, where the provision of repayment of loan interest and principal is mentioned,

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 June 2011 thank you sir.

i have also prepared a repayment schedule,along with projected balance sheet for FY 2011-12 and estimated bs for FY 2012-13.

when do we have to furnish the Cash flow,fund flow st. and the different ratios comparativeness?

02 June 2011 for personal loans cash flow/ funds flow is not applicable. as in personal accounts there is no provision for sundry debtors/ sundery creditors.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details