About Education Loan
This query is : Resolved
26 December 2010
I want to Know that when we take Eduction Loan & directly give payment to Eduction Institute then Loan in include in our Liability but what Second treatment we done in our books?(Is we Debited it in our Capital A/C
26 December 2010
Yes. If the annual fee is being paid by you you have to debit it to your capital account.
Message likes :
1 times
28 December 2010
Again I want to Know that from this effect our capital a/c is also go for negative Balance. Can it Possible
01 January 2011
Yes it's possible. You may have debit balance in capital account if your withdrawals exceeds the capital.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Missed TDS
- Rent claimed on building given on permissive possession basis
- ITR 44AD SECTION
- F&O reporting in ITR
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
