Interested to Buy Any Domain ? << Click Here >> for more details...
What Is The Entry Of Partners Loan & In Which Voucher
- 2 Answers
- 10721 Views
- I also Faced
- E-Mail Answers
Answer Posted / syed iliyas
As per the business entity concept of accounting person and
business was treated seperately and thus the loan raised by
partner or by the other party was treated as loan recieved
from the third party and it was entered as usual by cash
voucher (if revieved by cash and bank voucher if recieved
by cheque)by debiting the cash/bank account and crediting
the person(who raised loan) and finally it was taken into
balance sheet under current liabilities.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What is normative accounting?
what is the last date of deposit TDS on liability for the assessment year 2010-11
Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
how to get a job in stock markets for MBA-FINANCE?
what is the manual procedure for accounting
What GP resew of balance sheet taking.
what is the diffrence between cash flow & cash fund?
What is meant by partitioning?
You are a B.E Student? How can u manage Banking?
what is a difference between public and private accounting?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
Tell me what is reversing journal entries?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
in trading credit why does goods sent on consignment come?
