Adjustment entry for loan

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Gaurav (Querist)
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06 February 2012 please anyone help me for adjustment entry:
we have given unsecured loan to someone & have not received back. so should it go as bad debts account in accounting entry?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 February 2012 It is bad debts only. but if company involving lending business it is treated as business nature, otherwise it is bad debt but not considered as business expenses or loss

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