Loan & Advance
16 September 2019
Suppose Co operative housing society given job terrace shed form month of Feb 19.
Contract estimate Rs. 14 Lakh then then balance sheets as on 31.03.2019 showing amount 11 lakhs asset side loan and advance .
my knowledge only 3 lakh given advance to contractor then why is showing 11 lakh balance sheet asset side loan and advance.