A firm has issued bond of 100 lakhs and provided security of 80 lakhs how will we disclose it in balance sheet.Practice Manual answer suggests it should be shown under secured loans and nature of security should be clearly specified and a reference of icai guidance note is given and i think it should separated and shown as 80 lakhs secured and 20 lakhs unsecured is the answer in Practice Manual misprinted
ANSWERED Ravi answered September 15, 2018     Category:
30 views
3 answers
0 vote