Transfer of Loan on Death of Director
Vipul Acharya (Account Officer) (647 Points)
05 April 2021what entry to be done in the books of directors please explain with heads
Vipul Acharya (Account Officer) (647 Points)
05 April 2021
Ankit Neema
(2742 Points)
Replied 05 April 2021
Wife account is debited and Husband Account is credited, by this Loan Liability in case Husband is increased and Wife account is closed.