Revised schedule vi
This query is : Resolved
23 August 2012
Dear Experts ,
There is one bank account which has credit balance , pls tell me where should i classify the same in revised schedule vi.
I will be very grateful if you help me to solve this problem..
There is one bank account which has credit balance , pls tell me where should i classify the same in revised schedule vi.
I will be very grateful if you help me to solve this problem..
23 August 2012
It may be Bank OD or CC....
You can write under the head secured loan in Liability side...
You can write under the head secured loan in Liability side...
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SANYAM ARORA
(Expert)
23 August 2012
Under the Head Current Assets
24 August 2012
Thank you for kind reply , but here in this case this is not an OD account instead it is a current account which has crdedit balance , can it be disclosed as unsecured loan under short term borrowing.? pls give me a reply..
CA Ayush Agarwal
(Expert)
25 August 2012
Since This is Current Account, You Show It Under Bank Account Only By Giving Negative Figure in Bracket.
No Issue in That.
Regards,
CA Ayush Agrawal
No Issue in That.
Regards,
CA Ayush Agrawal
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