If you have taken money from a person for personal purpose,you can put under Loans liability
If you have given money to a person for personal purpose,you can put under Loans and Advances Asset
If you have given and taken money,see net amount is payable or receivable
if payable,put under Loans Liability
If receivable,put under Loans Asset
Written on May 13, 2017, 1:45 p.m.