Accounting treatment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2018
Dear Experts,
Mr. X is my brother. And I have taken loan of 60 lakh. bank has deducted Mr. X loan's of 20 Lakh and rest 40 Lakh was credited in my account. However Mr. X will not return/give 20 lakh to me. Pls let me know the complete accounting treatment.
Thanks
Rishu Jain
Mr. X is my brother. And I have taken loan of 60 lakh. bank has deducted Mr. X loan's of 20 Lakh and rest 40 Lakh was credited in my account. However Mr. X will not return/give 20 lakh to me. Pls let me know the complete accounting treatment.
Thanks
Rishu Jain
05 April 2018
debit 20 lakhs to your capital account...
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