as one individual takes an amount of 3,00,000 loan by way of account payee cheque from his friend and credits to his capital account not disclosing it as unsecured loan is there any mistake in this type of treatment ??
Muhammed (Chartered Accountant) (251 Points)
12 March 2015as one individual takes an amount of 3,00,000 loan by way of account payee cheque from his friend and credits to his capital account not disclosing it as unsecured loan is there any mistake in this type of treatment ??
Intermediate Student
(-)
(644 Points)
Replied 12 March 2015
CAclubindia
