Personal Loan Ac
This query is : Resolved
04 December 2010
Dear Friend,
Please Say a Propriter has taken Personal Loan.Is Personal Loan Secured or Unsecured Please Reply.
A Prop has made Recurring Ac should it be grouped under Investment or Current Asset.
Thanks & Regards
Survesh
Please Say a Propriter has taken Personal Loan.Is Personal Loan Secured or Unsecured Please Reply.
A Prop has made Recurring Ac should it be grouped under Investment or Current Asset.
Thanks & Regards
Survesh
04 December 2010
As per my view.... A. Personal loan, in proprietorship should be considered as UNSECURED LOAN... B. While recurring a.c is a bank a.c, i.e current asset.., but its recurring nature makes it investments.., so, would consider it as investments only....
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
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill generation from place other than registeted
- TDS Return Q1 FY 2026-27
- Condonation . E-Verification of last year return .
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- GST rate and HSN code for sale of racing horses
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- DIN reactivation
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- Depreciation of fixed assets- coop housing society in mumbai
- 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?
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
