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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Wrong CMPo8 file
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
