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....
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