Menu
Capital receipt
loan is sanctioned by the bank but not yet received to us can we treat it as capital receipt??
Replies (5)
Yes, accruals allows you to do so.
Please tell the entry
Receivables a/c
To Bank loan a/c
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
Yes it is allowed
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
