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General Accounting Discussions: Help Please! Loan from one company to another

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  1.  
    • CommentAuthorcrthurman
    • CommentTimeApr 7th 2008 edited
     
    I need to show a loan from one of our companies to another. Should the company giving the loan show it in
    'Other Assets" or as an "Other-Accounts Receivable" ? I know to show the entry in the company receiving the loan as
    a "Short Term" or "Current Liability".

    Thanks!
    • CommentAuthorPennywise
    • CommentTimeApr 25th 2008
     
    If it is a loan...Record it as A Note Receivable named after the company you are loaning to.
  3.  
    Dear My friend
    At we know that loan it self is our asset incase of giving to somebody, either company or a customer
    In Banking we have a separate part for loans which is Non Financial Institutions and Other Clients (NFIs), but in a small company we can take it under our other assets.


    Thanks.

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