Sales to Lender
NITIN SABOO (344 Points)
14 October 2021my query is in Proprietary firm we have taken a loan from our family member, instead of paying money through banking channels I sold my trading goods to them, can we do that??? plz advice
NITIN SABOO (344 Points)
14 October 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 October 2021
Yes, it can be done. Raise an invoice for the same and adjust the dues.