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Gomathi Vallinayaki

Gomathi Vallinayaki

CA Inter

16K+

21-Aug-20 21:41

21

Banking companies

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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Answers (2)

Gomathi Vallinayaki

Gomathi Vallinayaki

CA Inter

16K+

22-Aug-20 19:32

Pls replyð???

Lavanya Chitturi

Lavanya Chitturi

Moderator

24-Aug-20 23:41

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)