Loan given in Form of Shares
This query is : Resolved
23 June 2009
what entry should we passed in our books of account,What value should we when loan is recovered.(valuation of shares when loan is recovered).it is frindly loan.
24 June 2009
See the problem in solving your query is: -
01. Its not clear whether you have given a loan against hypothecation of loan.
02. Or it is a loan given in form of shares of which company i.e. listed or otherwise.
if shares are held as investment and given to him as loan, then following entries will be provided: -
01. debit party account and credit your investment a/c
when loan is recovered following entry will be journanlized: -
Bank/Investment A/c debit and party a/c credit the differnce will be your income.
01. Its not clear whether you have given a loan against hypothecation of loan.
02. Or it is a loan given in form of shares of which company i.e. listed or otherwise.
if shares are held as investment and given to him as loan, then following entries will be provided: -
01. debit party account and credit your investment a/c
when loan is recovered following entry will be journanlized: -
Bank/Investment A/c debit and party a/c credit the differnce will be your income.
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
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
