Transactions show procedure in books

This query is : Resolved 

14 July 2021 Sir,
It assess friend rs:15 lacs amount transferred my (assess ) bank account credited.if some days after assess rs:15 lacs amount withdrawal pay to friend through on bank mode.
Friend rs:15 lacs amount used for site purchase purposes.
Question:
Assess above mentioned transactions treated in books.

14 July 2021 Payment and receipt entries to be made. It may either to treated as advance or loan depending upon the nature of transaction.



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