Accounting Treatment of Forfeited lone

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Accounting Treatment of Forfeited lone

aaamer123
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04-12-2006, 08:24 PM

Assume a company apply for short term RF from bank.Bank facilitates the company Rs.10,000,000 lone against Pledge of Rs.20,000,000 Share Capital.Later on when company has availed the lone is forfeited by the order of the court at that time what would be the accounting treatment of this situation in the both books.

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Accounting Treatment of Forfeited lone - by aaamer123 - 04-12-2006, 08:24 PM

[No subject] - by Ali Akbar - 04-13-2006, 04:03 AM

[No subject] - by diehard - 04-18-2006, 07:16 PM

[No subject] - by Ali Akbar - 04-18-2006, 09:47 PM

[No subject] - by Ali Akbar - 04-18-2006, 09:49 PM

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