Parameters for obtaining cashcredit from bank for transport
This query is : Resolved
13 June 2013
one of my client has a transport business of running heavy goods vehicle. He has not prepared balance sheet for 3 years. Now, he wants to regularise the documents by preparing balance sheet for 3 years since he has to obtain a CC from bank.
My query is how do we proceed and make the balance sheet. And what are the parameters the bank considers for granting CC facility
Kindly help me with the same.
Thanx in advance
My query is how do we proceed and make the balance sheet. And what are the parameters the bank considers for granting CC facility
Kindly help me with the same.
Thanx in advance
Rupesh Jain
(Expert)
13 June 2013
pls add income as shown in ITR for each year for capital a/c
and calculate veh value as per income tax act dep.
bank & cash bal. , dr, cr.
then you can prepare B/S
and calculate veh value as per income tax act dep.
bank & cash bal. , dr, cr.
then you can prepare B/S
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