unsecured loan is shown in books of wife in name of husband, the husband is now dead, what ll be the treatment of that loan in wife's book of accounts?
unsecured loan is shown in books of wife in name of husband, the husband is now dead, what ll be the treatment of that loan in wife's book of accounts?
SIR, WHAT IF WIFE IS THE ONLY LEGAL HEIR??
WHAT ENTRY WOULD BE PASSED IN THE BOOKS TO GIVE EFFECT TO THIS TRANSACTION?
IT IS AN UNSECURED LOAN, I.E., IN CASH
ASHIWINI SIR, CAPITAL A/C IS BE CREDITED BY SAME ACCOUNT?
HUSBAND'S LOAN A/C DR.
TO CAPITAL A/C
??
AN LIABILITY
HOW WILL THAT BE POSSIBLE? LOAN FROM SELF IN HER BOOKS?
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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