Unsecured loan written off
This query is : Resolved
shah nehali
(Querist)
26 January 2015
Is Unsecured laon Written of Capital Receipt or Revenue Receipt?
How it is treated?
How it is treated?
CA NAVEEN SINGLA
(Expert)
26 January 2015
Unsecured Loan is Capital Receipt. It should reduce the Unsecured Loan standing on the Liability side of Bal Sheet
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