How to treat a party as a unsecured loan or sundry creditor

Amit Kumar (Accountant) (276 Points)

04 May 2017  

Dear All,

HOW TO TREAT A PARTY AS A UNSECURED LOAN OR SUNDRY CREDITOR if i have taken a loan like 2000000 now the time to give him interest on loan (interest on loan from nonbanking co) but i have made an account by satish sharma as unsecured loan when i am trying to paying him this is not displaying in that voucher so should i changed it from unsecured loan to sundry creditor

Thanks in Advance

Amit Kumar