Loan
This query is : Open
23 February 2019
Loan taken for personal purpose but the client have only one bank account ie business account the amount credited to business account how to show in books
24 February 2019
Loan and its repayment may be routed through 'drawings' account.
24 February 2019
How to record entry when amount credited to bank?If we withdraw amount also?
24 February 2019
How to pass entry when amount credited to bank?Also if amount withdrawn?
24 February 2019
* Bank a/c Dr
To Drawings A/c
(Being loan taken for personal purposes deposited in firms's former a/c)
* Drawings a/c Dr
To Bank a/c
(Being money withdrawn from firm's latter a/c against the deposit of amount out
of loan availed for personal purposes)
To Drawings A/c
(Being loan taken for personal purposes deposited in firms's former a/c)
* Drawings a/c Dr
To Bank a/c
(Being money withdrawn from firm's latter a/c against the deposit of amount out
of loan availed for personal purposes)
24 February 2019
Sir loan taken for business purpose and want to use for personal purpose then how to record entry there will be liability o/s from bank in the books of business?
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
