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Accountancy

What is the context of ICD here…what does that mean What is non provision interest ? Can someone explain this qsn in simple language..

Sushmita Chowdhury

CA Inter

★ 2K+

18-Apr-24 08:24

377

Answers (1)

ICD - Any amount received by a company from another company falls under the category of ICDs. These are unsecured short-term loans provided by one corporation to another Non provision interest - Company is not paying interest

Likith kumar Duganapalli

Moderator

22-Apr-24 15:26

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