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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?

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Gomathi K

Gomathi K

CA Final

40K+

21-Aug-20 21:41

316

Answers (2)

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Gomathi K

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)


Lavanya Chitturi

Lavanya Chitturi

CA Inter

895

24-Aug-20 23:41

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