Poonawalla fincorps
Poonawalla fincorps

Loan Transfer to Dealer

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 June 2021 Sir, We Have Query Regarding , If We have Purchase Machinery From Dealer, But the Bank Disburse loan to Manufacturing Company . How We can Show / Book Entry of Loan account. & Whose Account Will be Credited.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 June 2021 Bank loan account should be credited and machinery dealer account should be debited.
Profile Image

Deodatt S.Kulkarni

Profile Image

Deodatt S.Kulkarni (Querist)
29 June 2021 But Cheque is Issued by bank on the Name of Manufacturer and Purchase Bill Having name of Dealer...
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
30 June 2021 The cheque issued by bank on behalf of you, hence the above entry is right.
Profile Image

Deodatt S.Kulkarni

Profile Image

Deodatt S.Kulkarni (Querist)
30 June 2021 Ok Sir Thank You Very Much....

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links