Unsecured

Hello dear experts A Proprietor taken a unsecured loan from someone but now his death and no one can run his business then how to deal with this loan amount in books of accounts
Replies (1)

In My knlowledge money lander can recover the balance loaned amount from borrower "estate"which is the individual’s assets including money and property or legal heirs and gurantors.

Please check experts opinion also.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register