How will we account for Security deposit received on granting of tender,still unclaimed after 3 years?
Also what will be the tax implications.
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TENDER SECURITY DEPOSIT
Replies (1)
How will we account for Security deposit received on granting...?
*Better to book under Loans head as Liability...
unclaimed after 3 years?
* Will be Valundary repay the amount to the depositor as per the Deposit Agreement at the time of realisation...
*Better to book under Loans head as Liability...
unclaimed after 3 years?
* Will be Valundary repay the amount to the depositor as per the Deposit Agreement at the time of realisation...
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