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Loans and advances shown as deposits

654 views 4 replies
why a company shows loans and advances as deposits
means what is the advantage for company in case auditor is not able to find this discrepancy

tnxx in advance
Replies (4)
Loans given or loans taken ?
Taken
Loans advances shown as deposits.
A private company can't take loan from outsider nd can't give loan to outsider .. moreover, deposit can't be accepted by pvt company. public company can accept deposit with a limit


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