Adjustment accounting entries

Adjusting wont get u in a problem unless the party concerned is the same party...otherwise it would be such that u are trying to distort books if parties are different.... for eg

if same party
then we can show net recevable of ruppes 1 lac

but if diff party
if would not show a true fair picture of ur balancesheet
it would show as if u are not paying 4 lac and receving less money also in future whereas ur receiving 5 lacs ...adjusting wont serve any purpose

Take a letter  from debtor for it and loan holder must concur for the same.

I may suffice.