I am an Accountant in a Company. I want to know about when we will take loan from bank. What are the procedure to follow and which papers we must submit to banker. Kindly anyone guide me.
Company A Books
Subsidiary C Account Dr 10,000
To Bank Account 10,000
Company B Books
Respective Account Head Account Dr 10,000
To Holding Company A Account 10,000
( Respective account head means nature of payment to be made)
Please revert if further clarification needed
Can Anyone Help me... In bank income statement/ 1.wt is the COGS & Interest. 2.In TIE ratio TIE= EBIT/Interest. Which is the interest i provide in this formula.
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