Related party transection

In the balance sheet the loan taken from shareholders might be shown as "Unsecured Loan" and not advance received against goods. So need to first repay the whole money through an entry and again obtain money from them and sell the goods via an entry in the books of accounts.

Moreover Related party transaction is w.r.t. director's interest and transaction. If goods are being sold to shareholders, section 188 will not attract. Correct me if i am wrong.