Capital receipt
bsai partish (166 Points)
04 September 2020
loan is sanctioned by the bank but not yet received to us can we treat it as capital receipt??
5 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 04 September 2020
Yes, accruals allows you to do so.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 04 September 2020
Receivables a/c
To Bank loan a/c
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 04 September 2020
This will also look proper:
Cash-in-transit a/c (asset)
To Bank loan a/c
when cash is received:
Bank a/c
To Cash-in-transit a/c
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