Hi,
I had a few questions wrt related party transactions for Madhusudan Masala’s RHP I was going through.
- Here, does loan accepted means that the company has accepted a loan from related party or the company has given a loan to related party?
- What is the significance of negative opening balance, does it mean the company owes money to related party or vice versa?
- Also, is the interest expense applicable on Closing balance or Opening balance + Loan accepted?
