Dear Friends,
Whats the meaning of Working capital loan and what components will include in this loan (i mean principal and interest ?). What is the Accounting treatment of working Capital Loan received and Paid?
5 Replies
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 21 May 2016
I haven't heard such term before. Are you sure its working capital loan ?
Naseem
(Practice)
(34 Points)
Replied 22 May 2016
How much fund require to do business day by day i.e. Current Assetts- Current Liab.
You think How can you this fund you created through permanent capilal or long term loan or short term loan. This is working capital loan. Its interest charged in SPL
ALL ABOUT KNOWN AS WORKING CAPITAL MANAGEMENT
M Sairam
(Semi Qualified CA)
(421 Points)
Replied 23 May 2016
Thanks Ansari sir, what is the treatment in accounting?
Naseem
(Practice)
(34 Points)
Replied 23 May 2016
(1) For received fund
Cash A/C Dr xxxx
To Capital / Loan A/C xxxxx
Being fund raised
(2) When interest accured
interest A/C Dr xxxxx
interest Payable A/C xxxxx
(3) Year end
Profit Loss A/C Dr xxxx
interestA/c xxxx
being interest charged
(4) When interest Paid
interest Payable A/C Dr xxxx
Cash A/C xxxx
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