Dear professionals,
please help me with the following issue -
If a partner gives an unsecured loan to the partnership firm, will it be treated as an unsecured loan or capital contribution.?
thanks for your valuable suggestions.
When loan is given without taking any guarantee from partner it is called as Unsecured loan. Loans from partners and additional capital is to be described in Partnership deed is governing documents for act of firm. Partnership firm operates business as per terms of partnership deed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
