Capital receipt

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166 Points Posted on 04 September 2020
loan is sanctioned by the bank but not yet received to us can we treat it as capital receipt??
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On 04 September 2020 at 16:56 Report
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Quick Summary
This discussion clarifies whether a loan sanctioned by a bank, but not yet received, can be considered a capital receipt. The consensus is yes, it can be treated as such. Guidance is provided on the appropriate accounting entries, including using 'Receivables a/c' or 'Cash-in-transit a/c' until the funds are actually received into the bank account.

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My grammar is 💯 good I
7306 Points Posted on 04 September 2020

Yes, accruals allows you to do so. 

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On 04 September 2020 at 17:08
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73 Points Posted on 04 September 2020
Please tell the entry
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On 04 September 2020 at 17:40
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My grammar is 💯 good I
7306 Points Posted on 04 September 2020

Receivables a/c

To Bank loan a/c

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On 04 September 2020 at 18:08
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My grammar is 💯 good I
7306 Points Posted on 04 September 2020

This will also look proper:

Cash-in-transit a/c (asset)

To Bank loan a/c

when cash is received:

Bank a/c

To Cash-in-transit a/c

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On 04 September 2020 at 18:37
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132 Points Posted on 08 September 2020
Yes it is allowed
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On 08 September 2020 at 02:27

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