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
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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.
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