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

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Certificate in Quantitative Finance IIM Calcutta Applied Finance(Batch 17) Stock Market for Beginners
Follow us

Answer Query