Our company took an unsecured loan of 20000 lakhs in the current bank account of the company, how to enter it? Will this loan change the net profit along with the liability of our company? No or yes then why? Experts need guidance
Menu
Unsecure loan & Entry
Replies (1)
When loan amount will deposited in your company bank account pass entry.
Bank A/c Dr
To Unsecured loan A/c Cr
( Being loan received from So and so)
Unsecured loan A/c will be under long term or short term borrowings as the Case be may be , libality side balance sheet.
Bank A/c Dr
To Unsecured loan A/c Cr
( Being loan received from So and so)
Unsecured loan A/c will be under long term or short term borrowings as the Case be may be , libality side balance sheet.
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
