Can anyone explain how to disclose the debit balance in Bank OD as per ScheduleVI of Companies Act?
Anjaly.P.A ( Article( CA Final)) (221 Points)
16 July 2011Can anyone explain how to disclose the debit balance in Bank OD as per ScheduleVI of Companies Act?
Arvind Sharma
(ACA)
(1432 Points)
Replied 16 July 2011
simple..., it will be shown as Bank OD under the head of Current Liability... :)
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