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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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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 Business
28207 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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