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Capital receipt
loan is sanctioned by the bank but not yet received to us can we treat it as capital receipt??
Replies (5)
Quick Summary
Yes, accruals allows you to do so.
Please tell the entry
Receivables a/c
To Bank loan a/c
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
Yes it is allowed
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