Entry of unsecured loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2013
Sir,
I have received unsecured loan from the party in private limited Company via Cheque. Can I show the same party in sundry creditor rather than to show in list of unsecured loan provider..
I have received unsecured loan from the party in private limited Company via Cheque. Can I show the same party in sundry creditor rather than to show in list of unsecured loan provider..
26 March 2013
Strictly speaking you should show it as an Unsecured Loan.
However, i do not see any hindrance to show it as a sundry creditor either.
However, i do not see any hindrance to show it as a sundry creditor either.
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