My company has taken money from vendor(creditor) (name ABC ) but he has given it by his personal account (like XYZ ) neft in bank ,Is we will treat it as unsecured loan or direct enter in vendor acoount ?how we will show this journal entry in book of account?
When i receive any payment from any creditor or debtor, it doesn't impact from which bank account money has been transferred. Only it is to be ensured that transferor has transferred, not any one else.
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