A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS
THE ENTRY OF LOAN IN FIRMS ACCOUNT .
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Answer Posted / mohanj
Bank A/c Dr
to Loan a/c
loan is our liability so credit to the loan a/c.
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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