ENTRY OF UNSECURED CASH LOAN
This query is : Resolved
21 March 2023
Sir, we have taken an amount of 10,000/- as a cash loan from a person, which has been utilized to pay an outstanding of a firm. Now, we have paid back 10000/- as a cash to that person post collection from members. Now, How should we enter these multiple cash entries in a balance sheet ? Like, Unsecured cash loan, payment to other party, repayment of cash loan. Thnaks
23 March 2023
In Balance sheet only the collection from members or partners for Rs. 10000/- will get reflected.
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
- ITR Filling AY-2022-23
- Stock trading with CA Articleship
- Filling ITR U Offline.
- Breakage Claim - adjustment in books
- Advance received against sale of property
- REGARDING UPDATED INCOME TAX RETURN
- HUF INCOME TAX
- Urgent query of GST Registration please
- GST Registration Process Timing
- GST On Reimbursement of Expenses claim by supplier
- DIN number of no use now
- GST on catering serivces
- GST problem
- No TDS deduction on payment of Shipping Line Charges in case of Import
- Required Data Analysis
- Second HUF Name
- Cost of acquisition?
- EXCEL PROJECT REPORT FOR ESTABLISHING NEW RICE MILL
- CA CERTIFICATE For Foreign Remittance
- Difference between sheet 5A & 5C in ITC 04
Trending Online Classes
ITR 1 and ITR 4
Aarchi Jain
GST Practitioner Certificate Course 36th Batch
CA Arun Chhajer
CAclubindia
