Please let me know where shall I show " CASH CREDIT" ( hypothecated against Stock) under revised Schedule VI? This is because under " Long Term Borrowings " has not segregated any place for CASH CREDIT in reviesd schedule VI.
Amit (.) (104 Points)
02 June 2012Please let me know where shall I show " CASH CREDIT" ( hypothecated against Stock) under revised Schedule VI? This is because under " Long Term Borrowings " has not segregated any place for CASH CREDIT in reviesd schedule VI.
MANOHAR
(ACCOUNTANT)
(23 Points)
Replied 21 March 2016
pls tell me how to submit to bank for montly stock statement for cash credit hypothecation account
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 07 April 2016
Dear
If you are maintaing stock register, month end balance of each item can be furnished to bank with a covering letter & the same can be maintained in a seperate file for future purposes.
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