I NEED EXPERT COMMENT ON THE FOLLOWING TOPICS
If a Limited Company received Rs.2,16,264.00 th: NEFT/RTGS on 17.12.2013 from XYZ Pvt Ltd Company and after some time pay back Rs.2,16,264.00 th: NEFT/RTGS on 28.03.2014 to XYZ Pvt Ltd Company. It means Limited Company used this money about 101 Days. After some time Limited Company raised the Sales invoice of Rs.32,596.00 on 19.11.2014 to XYZ Pvt Ltd Company. After some time Limited Company Write Off this amount as bed Debts. PL GIVE OPINION ON THIS TRANSACTION WHETHER IT IS CORRECT AS PER LAW. May treat this transaction as unsecured loan which was paid @ 5% interest P.M.in way of raising sales invoice.