banner_ad

Loan Transfer to Dealer

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 June 2021 Sir, We Have Query Regarding , If We have Purchase Machinery From Dealer, But the Bank Disburse loan to Manufacturing Company . How We can Show / Book Entry of Loan account. & Whose Account Will be Credited.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 June 2021 Bank loan account should be credited and machinery dealer account should be debited.
Profile Image

Deodatt S.Kulkarni

Profile Image

Deodatt S.Kulkarni (Querist)
29 June 2021 But Cheque is Issued by bank on the Name of Manufacturer and Purchase Bill Having name of Dealer...
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
30 June 2021 The cheque issued by bank on behalf of you, hence the above entry is right.
Profile Image

Deodatt S.Kulkarni

Profile Image

Deodatt S.Kulkarni (Querist)
30 June 2021 Ok Sir Thank You Very Much....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details