Unsecured Loan

sayad (Executive) (166 Points)

31 March 2021  


I have seen in Balance sheet where small  trading company lends money to its Ex employee as loan 

and this is shown as unsecured loan in Balance sheet

What will be impact on the company profit and loss  if this amount is not recovered 

can this loss of nonrecovery of loan  be sett of against the company profit