Audit
This query is : Resolved
09 November 2011
Dear Sir,
Query 1 :
whether CA authorization is required on balance sheet and profit & Loss a/c schedules.
Query 2 :
X company has availed a loan 2cr (Cash Credit Limit)from Z Bank in the 2009 (i.e.AY09-10)
my doubt is in the AY 10-11, in Balance sheet under secured loan it is reflecting. whereas, in Note to accounts auditors has not discussed that company is enjoying CC Limit.
Whether it is mandatory to discuss in the notes on accounts or not. please help in this issue.
Query 1 :
whether CA authorization is required on balance sheet and profit & Loss a/c schedules.
Query 2 :
X company has availed a loan 2cr (Cash Credit Limit)from Z Bank in the 2009 (i.e.AY09-10)
my doubt is in the AY 10-11, in Balance sheet under secured loan it is reflecting. whereas, in Note to accounts auditors has not discussed that company is enjoying CC Limit.
Whether it is mandatory to discuss in the notes on accounts or not. please help in this issue.
10 November 2011
No it is not mandatory to give the details in notes to accounts. But is mandatory to show the respective amount in secured loans
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
