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Loan adjustment


25 June 2013 A Property is Purchase by partner of Firm.PUrchase value of Property is 2.4 Crore.Rs.20Lac Paid from firm as advance to party.bank sanction a loan of Rs.30 Crore.Bank Paid
Rs. 2.2 Crore direct of selling party and Rs 80Lac to firm as balance amount.CAsh payment of Rs.12 lac as Registration paid from firm.Now what amount should be considered as loan of firm and what amount of Partner.

26 June 2013 pls check amount you given is corrct or not
due to loan is 30 crore is correct or not

27 June 2013 sorry ! Amount is 3.0Crore


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