Treatment Of PDC

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2011 plz tell the accounting Treatment of issue of cheque to bank as security against Loan

17 January 2011 For this no need to pass any accounting entry. just take a copy of cheque and keep in loan file,once the loan is cleared the same will be get back and cancel. so no accounting entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2011 can we diclosed in company balance sheet

17 January 2011 No such specific disclosure is required, but if you want to disclose, you can show as Notes to account


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