What do you understand from the statement ‘Cast credit account against hypothecation of stocks’?

Question

TuteeHUB · Accepted Answer

None of the given options is true

TuteeHUB · Answer

Borrowing account for purchase of raw materials

TuteeHUB · Answer

Borrowing account for working capital against security of stocks

TuteeHUB · Answer

Working capital loan account against security of stocks in possession of the borrower

1.	What do you understand from the statement ‘Cast credit account against hypothecation of stocks’?
A.	Borrowing account for purchase of raw materials
B.	Borrowing account for working capital against security of stocks
C.	Working capital loan account against security of stocks in possession of the borrower
D.	None of the given options is true
Answer» D. None of the given options is true

Discussion