Loan from directors

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pnayal (Querist)
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07 November 2012 PLZ LET ME KNOW WHETHER LOAN FROM DIRECTORS WHICH ARE SHOWN IN THE LONG TERM BORROWINGS ARE COME UNDER LOAN AND ADVANCES FROM RELATED PARTIES.

Ajay Mishra

Ajay Mishra (Expert)
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07 November 2012 As per AS-18, Related Party Transaction covers:

1. Salary to Director
2. Advance against share capital given
3. Lease Rent on equipment received
4. Securities Deposit Receipt-Refunded
5. Unsecured Loan (taken/given/returned)
6. Loan & Advances
7. Share application money invested
8. Share Application money received
9. Shares Issued.

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