Treatment of bank guarantee in the financial statement
This query is : Resolved
02 August 2018
one of my supplier asked the bank guarantee(BG).i give him BG (issued by bank in favor of supplier).am i right if i show this BG amount in notes to account of Financial statement as contingent liability.
02 August 2018
Yes show it on notes on accounts.
03 April 2019
Yes show it on notes on accounts under Contingent Liabilities
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