Covid19 Alert : Keep Social distance and utilize your time by joining CA CS CMA online classes at 30% disc Coupon: SAFE30 Call : 1800-3000-0505

Payment by director on behalf of company


CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709)     10 May 2013

CS MOHIT SALUJA
PRACTICING CS Jalandhar 9914558709 
 196 likes  4328 points

| My Other Post

Mr A, Director of company made payment on behalf of company from his personal account for purchase of machinery. Now, what will be the status..whether it should be shown as unsecured loan..or what should be the entry in accounts..whether comapny should pay back the money to the director as repayment of unsecured loan.

1 Like

(Guest)

According to me, Paymet made by Director on behalf of Company you should show the same as unsecured loan taken from Director.

avater

pankaj nayyar (CHARTERED ACCOUNTANT)     11 May 2013

pankaj nayyar
CHARTERED ACCOUNTANT 
 3 likes  69 points

View Profile | My Other Post

find your ans here :

http://www.logiko.co/forum/showthread.php?tid=18

1 Like
avater

CA Sahib Singh (ca)     11 May 2013

CA Sahib Singh
ca 
 29 points

View Profile | My Other Post

Very right said....good answer

Yogesh (Accountancy)     13 March 2018

Yogesh
Accountancy 
 3 likes  258 points

View Profile | My Other Post

Originally posted by : MOHIT SALUJA


Mr A, Director of company made payment on behalf of company from his personal account for purchase of machinery. Now, what will be the status..whether it should be shown as unsecured loan..or what should be the entry in accounts..whether comapny should pay back the money to the director as repayment of unsecured loan.

 

Please Help Out

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »