Sales against loan
This query is : Resolved
10 January 2014
We are partnership firm & taken a loan of Rs. 7.5 Lacs from another partnership firm. Can we adjust sales amount against this loan as we sold Rs. 3.5 lacs value finished goods to the above firm?
Thanks in advance.
Thanks in advance.
10 January 2014
yes you can do so. there is no restriction against the same.
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