seured or unsceured loan
This query is : Resolved
09 March 2010
Dear sir,
Some one told me that vehicle loan taken from bank suhould be shown under the HEAD UNSECURED LOAN NOT UNDER SECURED LOAN AS PER SCHEDULE VI IN THE COMAPNY BALANCE SHEET
PLS LET ME KNOW WHAT IS CORRECT
Some one told me that vehicle loan taken from bank suhould be shown under the HEAD UNSECURED LOAN NOT UNDER SECURED LOAN AS PER SCHEDULE VI IN THE COMAPNY BALANCE SHEET
PLS LET ME KNOW WHAT IS CORRECT
09 March 2010
Bank gives vehicle loan against the security of vehicle. so, it is fully secured. so it should be shown under secured loan
09 March 2010
its better clarified from clause of loan aggrement. but generally its secured against vehicle only..
09 March 2010
AGREE. IT SHOULD BE SHOWN AS SECURED LOAN.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
