If a Pvt. Ltd. Co. has a cash shortfall of a temporary nature and a director/s put in the required amount. How is it to be accounted?
If ABC Pvt. Ltd has a shortfall of Rs. 1,50,000 and a director X puts in the amount to tide over the difficulty, how is it to be accounted if;
a) the amount has been repaid during the year; and
b) The amount being taken at the end of the year and is carried over to th enext fiscal?
Please give me a detailed answer for B/S treatment and disclosure norms, if any.
Thanks in anticipation,
Yours sincerely,
TARUN GUPTA