if money lender gives 1crore to a client and take registry of clients property 1.5 crore as a security after a year client doesn't repay the principle as well as interest so what are the accounting treatment if the money lender sell the properties at 2 crore
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Accounting for money lender
Replies (3)
No accounting for money lender.
any advance given to anyone is an asset in his books.
Àdvance Dr.
credit bank
any advance given to anyone is an asset in his books.
Àdvance Dr.
credit bank
Why ? no accounting for money lender can you explain
RBi regulates.
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