Payment by director to buyer

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Hi, A Company has purchased Property in his name.

But, due to Short of Money in Company.The Promoter paid Part Payment directly to buyer and it is shown in the agreement that buyer has recd the money with cheque details.

How to show them in books of Accounts.

Thanks

Replies (1)
Show loan received by company from the director by passing journal entry. Pass resolution of taking up such loan.


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