Payment by other bank account
Jai Parkash (Accountant) (43 Points)
31 May 2016Jai Parkash (Accountant) (43 Points)
31 May 2016
CA Rohit Jain
(Practice)
(1865 Points)
Replied 31 May 2016
Debit creditors account with the amount paid and Credit proprietor's husband's personal account. You should show the same as unsecured interest free loan received. Even you can execute a loan agreement on non judicial stamp to support the validity of the transaction.
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