Capital receipt
bsai partish (166 Points)
04 September 2020
loan is sanctioned by the bank but not yet received to us can we treat it as capital receipt??
bsai partish (166 Points)
04 September 2020
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 04 September 2020
Yes, accruals allows you to do so.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 04 September 2020
Receivables a/c
To Bank loan a/c
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 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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