elliep
17-04-08, 11:49
Hi
I am new here and need a bit of help.
Ltd Co. A is loaning Ltd Co. B £30,000 on a short term basis. How do I account for this is Ltd Co. A books? Would you class this as an expense or do you think it should be recorded elsewhere - bearing in mind it is only a loan and will be repaid within 12 months?
Your help here would be much appreciated. :001_smile:
Many thanks
Ellie
I am new here and need a bit of help.
Ltd Co. A is loaning Ltd Co. B £30,000 on a short term basis. How do I account for this is Ltd Co. A books? Would you class this as an expense or do you think it should be recorded elsewhere - bearing in mind it is only a loan and will be repaid within 12 months?
Your help here would be much appreciated. :001_smile:
Many thanks
Ellie