Loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
one company had a bank loan of rs 20,00,000.00 & interest payble there on is rs 10,00,000.00.company made one time settlement to settle the loan by paying rs 10,00,000.00
Then what should be the accounting treatment.
Then what should be the accounting treatment.
15 May 2012
Bank Loan A/c Dr
Interest on Bank Loan Payable A/c Dr
To Bank A/c
To Waiver of Loan
Interest on Bank Loan Payable A/c Dr
To Bank A/c
To Waiver of Loan
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