LOAN AND LIABILITIES KYA HAI

 

LOAN LIABILITIES:- 

This is primary group and it is use to keep track of  the loans taken by the company this group has three sub-groups.

Three sub-groups:-

(A) Bank OD/OCC account.

(B) Secured Loans

(C) Unsecured Loans

Bank OD/OCC(Bank Over Draft/Over Cash Credit a/c:- 

All overdraft account of a book like  the  caption account bill discounting and accounting which are operated on day to day basic.

Secured Loans:- 

The loans taken by the company form financial corporation, bank etc. against its fixed assets for a even if the company fails. there loans have to returned from the fixed assets of the company.

Unsecured Loans:- 

The loans taken unconditionally by the company like from out side parties, including directors and partners etc.

BRANCH/DIVISION:-

It  is use to hold, those account to exchange for the own company and his goods maintained my company. As:- when transfer goods of her branch.