If I have a loan in individual capacity which now I m getting transferred to my partnership firm
what will be the accounting treatment in both the books?
thanks in anticipation
Menu
Accounting treatment of individuals and partnership
Replies (2)
Yes you can transfer the loan to partnership firm.
There may be a case, when a partner has given unsecured loan to his partnership firm and later on that partner is agreed to convert its loan to its capital. ... A single entry need to be posted by debiting the unsecured loan a/c and by crediting the partner capital account.
There may be a case, when a partner has given unsecured loan to his partnership firm and later on that partner is agreed to convert its loan to its capital. ... A single entry need to be posted by debiting the unsecured loan a/c and by crediting the partner capital account.
Please clear where mistake is done by the Accountant
Recent Threads
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
Related Threads
CAclubindia
