A bank guarantee was created against an appeal
the company has won the appeal and bank guarantee is released what is the treatment
Menu
Bank guarantee
Replies (1)
When Bank Guarantee was made it was prepared against any Fixed Deposits. So, Now the entry would be:
Bank A/C ...................... Dr.
Fixed Deposit ................ Cr.
Intereset Accrued .......... Cr.
(If FD Interest was booked on yearly basis through 26 AS)
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
