Dear sir,
There are 2 ledger in a pvt Ltd Co.
1) loan from sister concern: showing receivable from sister concern
2) creditor a/c of same concern : showing payable to sister concern
Can I adjust receivable and payable with each other.
Please guide
Thanking you
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adjustment of loan from sister concern and another ledger as creditors of same concern
Replies (1)
Yes you can but if there is no terms and conditions for loan given to sister concern
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