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Accounting treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2018 Dear Experts,
Mr. X is my brother. And I have taken loan of 60 lakh. bank has deducted Mr. X loan's of 20 Lakh and rest 40 Lakh was credited in my account. However Mr. X will not return/give 20 lakh to me. Pls let me know the complete accounting treatment.

Thanks
Rishu Jain
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 April 2018 debit 20 lakhs to your capital account...

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