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Loan balance amount repay after gift received

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online

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online (Querist)
05 October 2022 Sir,
It assessess rs:10 lacs un secured loans ledger balance son account Dt:31-03-22 as per books
Question:
Assessess ledger loan balance repay after gift received or ledger balance amount journal entries passed correct procedure in it act.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
05 October 2022 Repayment of loan after gift receipt is correct procedure...

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