25 June 2010
(i)In case of Private Limited Company a Margin kept in the form of FDR/TDR by Banks against issue of LC/BG(i.e.Non- fund based facility)is to be where shown in schudeles forming part of B/S as per schdule VI requirements as per Companies Act. (ii) Interest accured/ receivable on FDR with Banks.
My view is both has to be shown under Bank Balances as certain CA's are showing under Loans & Advances schedule while finalising Audited Accounts.