Revised schedule vi
This query is : Resolved
01 July 2014
Dear Experts,
How to disclose debit balance of cash credit account (Working Capital Loan with the bank) as per revised schedule vi.
How to disclose debit balance of cash credit account (Working Capital Loan with the bank) as per revised schedule vi.
01 July 2014
U must show it under Cash and Equivalents under Current Assets as negative Balance. Or u can also show it under Short term Loans under Current Liability.
01 July 2014
Dear Sandeep Ji
My books of accounts is showing debit balance of CC A/C.
My books of accounts is showing debit balance of CC A/C.
01 July 2014
Then do the vice versa. show negative balance in CL or add with CA. Better to show in CL as negative amount.
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