Loan
This query is : Open
23 February 2019
Loan taken for personal purpose but the client have only one bank account ie business account the amount credited to business account how to show in books
24 February 2019
Loan and its repayment may be routed through 'drawings' account.
24 February 2019
How to record entry when amount credited to bank?If we withdraw amount also?
24 February 2019
How to pass entry when amount credited to bank?Also if amount withdrawn?
24 February 2019
* Bank a/c Dr
To Drawings A/c
(Being loan taken for personal purposes deposited in firms's former a/c)
* Drawings a/c Dr
To Bank a/c
(Being money withdrawn from firm's latter a/c against the deposit of amount out
of loan availed for personal purposes)
To Drawings A/c
(Being loan taken for personal purposes deposited in firms's former a/c)
* Drawings a/c Dr
To Bank a/c
(Being money withdrawn from firm's latter a/c against the deposit of amount out
of loan availed for personal purposes)
24 February 2019
Sir loan taken for business purpose and want to use for personal purpose then how to record entry there will be liability o/s from bank in the books of business?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Is receivable or recoverable same thing
- Bifurcation of prepaid expenses
- What is meaning of cumulative method of interest
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
