WHAT IS THE EFFECT OF BANK GUARANTEE ?
HW IT WILL TREAT ?
2 Replies
c.Mahadev
(accounatant)
(60 Points)
Replied 11 September 2012
Cash margin Debited to L/G Margin account under current assets
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 16 September 2012
Bank guarantee is a contingent liability (it will be disclosed by way of note)
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