Receipt and payment a/c

loan from a client? is it admissible income ?
Replies (3)
Quick Summary
This discussion clarifies whether a loan received from a client should be treated as income or a liability within a receipt and payment account. The consensus is that a loan is not considered income; rather, it represents a liability that needs to be repaid.

Loan is not considered as an income
It's libility to pay
Okay thank you

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