Cash credit - can it be shown as Current Liability or Secured Loans as per Schedule VI.
Please clarify in this regard. Thanks is advance.
Regards,
S.V.Ramana.
Venkata Ramana Sriram (Service) (119 Points)
12 July 2010Cash credit - can it be shown as Current Liability or Secured Loans as per Schedule VI.
Please clarify in this regard. Thanks is advance.
Regards,
S.V.Ramana.
Sharad Saini
(Student)
(286 Points)
Replied 12 July 2010
it should be shown as Secured Loan.....
however for calculation of ratios it is considered as part of current liabilities..
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
