Accounting of a 401k loan

Charles Gagnon
Tue, 16 Jul 2002 22:12:38 -0400

Let me appologize in advance as this is more of an accounting
question but here goes...

What is the best way to handle a 401(k) loan. My 401(k) funds
currently reflect the sell of the shares needed. I am just not sure
I should just drop that money directly in my checking account.
Shouldn't it go in a Liability account somewhere?

Thanks in advance.

Charles Gagnon                   | My views are my views and they             | do not represent those of anybody           | but me.

   One tequila, two tequila, three tequila, floor.
        -- Dennis Miller