Schedule 9
Advances
While calculating advances in case government gurantees we considered secured portion
But in case of cash credit we considered only unsecured portion
Why?
Gomathi K
CA Final
★ 40K+
21-Aug-20 21:41
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Answers (2)
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Thread Starter
Gomathi K
CA Final
★ 40K+
22-Aug-20 19:32
In the total advances of 2150,
20% of a certain amount (cash credit) is to be provided for 100% as it is unsecured.
60% of term loan has guarantee
and the balance is secured by tangible assets.(This is the balancing figure)