In our Pvt Ltd co. Husband and Wife are Directors and both have given loan to company on the death of Wife, loan of Wife transferred to husband in co. books
what entry to be done in the books of directors please explain with heads
Menu
Transfer of Loan on Death of Director
Replies (2)
Wife account is debited and Husband Account is credited, by this Loan Liability in case Husband is increased and Wife account is closed.
Experts please revert
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
