Q. While verifying the applicability of Rotation for auditors what all is included in the borrowings from financial institutions, banks or public deposit? (is Security Deposit, Outstanding working capital, cash deposits and demand deposits also included in above ?)

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Question added Apr 4, 2021 Valuations By Valerie, CA Student, Mumbai

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answered Sep 26, 2021 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
If these deposits are from financial institutions & banks then only it would be included otherwise not.

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