Itr v
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2011
respected sir
i have query regarding bank o/d.actually i confuse about bank o/d goes under which head in itr v balance sheet.because there is no any head in current liabilities. therefore may i enter under secured loan.please help me its urgent
i have query regarding bank o/d.actually i confuse about bank o/d goes under which head in itr v balance sheet.because there is no any head in current liabilities. therefore may i enter under secured loan.please help me its urgent
17 September 2011
yes its secured loans
17 September 2011
Generally, bank overdraft is secured by hypothecation of movable assets of the borrower. If that is your case,pl shown in 'secured loans'.
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17 September 2011
Yes, Agreed with Experts and also if not secured then May Show it as Unsecured
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