The company lend money to an individual with an interest. Do I need to record it as a bank payment? and if yes which will be the nominal code and how I can post the entry to the balance sheet as a debtor
Any assistance would be greatly appreciated.
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Company Loan to an Individual
- brucedenney
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- Joined: 28 Feb 2006, 09:56
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Re: Company Loan to an Individual
Hi
You need to use the "Other Debtors" nominal code in the balance sheet to do this as a Bank Payment.
It is not a Trade Debtor so this is the proper way to do this.
You need to use the "Other Debtors" nominal code in the balance sheet to do this as a Bank Payment.
It is not a Trade Debtor so this is the proper way to do this.
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