Urgent

• X co intend to make payment to party but there is no sufficient fund to make payment, so the proprietor of that concern make payment in his hand , later company refund it to him

1. what is  the accouting entry for this make payment
2. what is  the accouting entry for refund it to proprietor

• co. X make loan to co Y

1. Loan to y   Dr 

                To Bank 

is it a correct treatement and Loan to Y   is grouped under which head

      2. what is the accounting treatement of settlement of loan