Schedule vi
Querist : Anonymous
At presently i am working on Balance sheet
want to know that weather classification of following is required as per new schedule
1) Car Loan taken by company
2)Unsecured Loan From Director, know payment or received is depend on requirement of fund
3)Demand Loan (on security of FD)
4)Bank Overdraft Facility
5)Payment to other Companies as advance no any conditions as to receive the money in specified period
URGENT
Regards.
Rajesh Ranjan.
2)UNDER UNSECURED LOAN
3)UNDR SECURED LAON
4)UNDER SECURED LAON
5)DEPEND ON NATURE OF ADVANCE
IF FOR SUPPLY OF MATERIAL THEN SHOW UNDER ADVANCE TO SUPPLIER ASSETS SIDE.
OTHER IT IS LOAN SHOW ASSETS AS LOAN (SECURED/UNSECURED)DEPEND OF RECOVERY CONDITION
Querist : Anonymous
Sir Agree but i want to know that whether classification is required as current or long term in respect of
1)Car Loan
2)Unsecured Loan
3)Bank OD
4)Loan given to other companies
installment due in next 12 month as current and other amount as long term as on balance sheet date
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