Loans and advances shown as deposits

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29 Points Posted on 11 January 2023
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
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On 11 January 2023 at 22:19 Report
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Quick Summary
This discussion explores the practice of companies presenting loans and advances as deposits on their balance sheets. It questions the advantages of this accounting treatment, particularly when auditors might overlook discrepancies. The conversation also touches upon the regulatory restrictions for private and public companies regarding loans and deposits.

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CFO- at NHTF
58280 Points Posted on 12 January 2023
Loans given or loans taken ?
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On 12 January 2023 at 07:53
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29 Points Posted on 12 January 2023
Taken
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On 12 January 2023 at 08:16
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Profession
28271 Points Posted on 12 January 2023
Loans advances shown as deposits.
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On 12 January 2023 at 12:04
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practising company secretary
3221 Points Posted on 13 January 2023
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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On 13 January 2023 at 01:54

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