Please let me know where shall I show " CASH CREDIT" ( hypothecated against Stock) under revised Schedule VI? This is because under " Long Term Borrowings " has not segregated any place for CASH CREDIT in reviesd schedule VI.
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Cash credit
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show under current liabilities
pls tell me how to submit to bank for montly stock statement for cash credit hypothecation account
Dear
If you are maintaing stock register, month end balance of each item can be furnished to bank with a covering letter & the same can be maintained in a seperate file for future purposes.
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