on a grocery shop, I have taken a loan of rupees 400,000 from my regular customer d00001-zahid, which I will adjust from the sales invoices in the future. I want to record that loan under his name and customer ID. I tried to record it by creating a “receipt” and then i selected the account “accounts payable” but it doesn’t allow me to select a customer, its only gives me an option to select a supplier. but I have taken the loan from my customer not from supplier.
should I record this loan under a “credit note” and in the accounts i select “loan payable” because i have created the “loan payable” account in the “chart of accounts”.