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Bank guarantee

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 October 2012 Dear Sir,

Our Company issued a Bank Guarantee of Rs.20000 from our Bank to Air India.Please let me know what is the Accounting treatment in our books.

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Mukul
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
16 October 2012 No accounting treatment of bank guarantee.
It is a contingent liability ,will be shown in notes to accounts.

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