Easy Office
LCI Learning

accounting

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 January 2011 Can parents give loan to their minor child?
if yes then what should be the accounting treatment in both bokks?
Profile Image

Sunil Kr. Sanganeria

Profile Image

Sunil Kr. Sanganeria (Expert)
20 January 2011 Yes A parents give loan to minor child. Any income arising from such loan will be clubbed in the hands of the minor.

Simple entry for loan will be passed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links