Himanshu Bhutani BhutaniHimanshu Bhutani asked 9 months ago
1 Answers
RaviRavi Staff answered 9 months ago

loan which is given and recovered back it is called squared up loan
so basically loan which is “nil” is squared up loan
when balance or transaction is nullified it is called squared up
it must be explained in further clauses
so this sentence means auditor should check even those loans which are settled as on balance sheet date

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