The NCAA's eligibility committee has ruled that Georgia basketball player Cedric Henderson is eligible to play in the 1985-86 season. Henderson was declared ineligible May 23 when the NCAA's infractions committee found he was involved in a recruiting violation.

Henderson's appeal was heard by the eligibility committee yesterday in a conference telephone call . . .

A just-released 1983 audit shows Clemson University athletic officials provided a $10,000 personal loan, $500 bonuses to four football graduate assistants and an $800 advance to an employe for a trip to Hawaii from students' club funds.

The audit of the Block C Club, which includes athletes who have lettered in a sport at Clemson and paid a $15 initiation fee, was released after the Greenville News requested it under the state's Freedom of Information Act. It had been kept confidential for two years.

Clemson internal auditor Michael P. Hughey reviewed the club's finances for the period from July 1981 through December 1982 and found the status of the club as a student organization was being abused by the use of some funds. The club is a private organization not subject to state laws on the use of public funds.