Invoked BG Or Devolved LC

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2010 How shuold the invoked Bank Guarantee accepted by the Bank but not paid to the beneficiary on the date of Balance sheet be reflected in the Balance Sheet of a Bank.

Madhusudan Bohra

Madhusudan Bohra (Expert)
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26 March 2010 Should be recognised as liability.

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