Secured debtors and unsecured debtors
This query is : Resolved
28 March 2012
1.Debtors backed by Bank guarantee or letter of credit can be considered as secured debtors? if not pls mention the reason.
2.whether old schedule VI requires bifurcation of debtors into secured and unsecured?
2.whether old schedule VI requires bifurcation of debtors into secured and unsecured?
28 March 2012
Yes, Debtors backed up by BG/LC are considered as secured debtors to the extent of the amount of BG/LC.
Old Schedule VI also requires the debtors to be classified into secured and unsecured.
Old Schedule VI also requires the debtors to be classified into secured and unsecured.
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
- PAN Migration to New AO
- Difference in taxation of company leased car
- Real Estate Transaction Structuring with Power of attorney & Beneficial Ownership
- REGARDING GST AMNESTY SCHEME
- EBRC Generation
- TDS-194M Contract
- Validity of Transfer Pricing Notice u/s 92CA(2)
- Registration of Firm- Form E
- About AIS Report
- 194Q vs 206C(1h)
- Treatment of Car allowance
- HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- HOW TO CALCULATE FOOD CHARGES
- Demand due to error in 3cd
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- CSR funding for private limited companies
- Professional tax deduction monthly
- Refund Application in RFD 01 for Export without payment of tax
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
