banner_ad

Disclosure for loans with personal guarantee

A/c entries 827 views 2 replies

When a parent guarantees a bank loan taken by his susbidiary then can such loan be treated as secured loan in the financial statements of subsidiary. Basically, can a personal guarantee given for a loan  make it a secured loan in the books of borrower. Does secured loan necessarily means to be secured by tangible assets only or even a personal guarantee can be considered as a security for such loan taken from the bank.

Thanks

 

Share

Replies (2)

it will be shown under Unsecured Loans only...........

Mukul Thanks for your advice. But could you please provide me the basis for this !.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details