Unsecured loan as creditor
This query is : Resolved
09 January 2015
sir we have query about the can we show in our balance sheet unsecured loan as sundry creditor please explain as per incometax and procedure of accounting
09 January 2015
Unsecured loan cannot be shown as sundry creditor. It should be shown as unsecured loan. Sundry creditors are those rendered services and supplied goods.
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