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Transactions show procedure in books

This query is : Resolved 
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(Querist)
14 July 2021 Sir,
It assess friend rs:15 lacs amount transferred my (assess ) bank account credited.if some days after assess rs:15 lacs amount withdrawal pay to friend through on bank mode.
Friend rs:15 lacs amount used for site purchase purposes.
Question:
Assess above mentioned transactions treated in books.
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
14 July 2021 Payment and receipt entries to be made. It may either to treated as advance or loan depending upon the nature of transaction.
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