Educational loan
This query is : Resolved
13 August 2012
My Friend availing eductional loan for his son from private bank. He asks me Whether the educational loan is under secured loan in his balance sheet?
somebody told me that education loan is not business loan so no need to providing in balance sheet account. Is this correct?
Please clarify sir...
somebody told me that education loan is not business loan so no need to providing in balance sheet account. Is this correct?
Please clarify sir...
13 August 2012
Educational loan is a personal loan. It is NOT related to business and accordingly is NOT shown in the Balance Sheet.
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