I find some deposits and loans under th group Unsecured Loans on liability side of BS
kindly help me in understanding of the same
Difference between the deposti and Loans
Neha Mishra (@student) (234 Points)
26 February 2014I find some deposits and loans under th group Unsecured Loans on liability side of BS
kindly help me in understanding of the same
Difference between the deposti and Loans
vijay
(Accountant)
(902 Points)
Replied 26 February 2014
Both Deposit and Loan shown under unsecured loan are to be repaid but loan shall be paid alongwith some interest and deposit without any Interest
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