Personal balance sheet
This query is : Resolved
CA Sanjana arora
(Querist)
01 July 2014
When we made someone's personal B/S and he has taken home loan and paying regular EMI from his account then what will be the adjustment of EMI payment in B/s.
principal amount deduct from Loan o/s at liability side and interest included in EMI considered as drawing. Right or wrong?????????
principal amount deduct from Loan o/s at liability side and interest included in EMI considered as drawing. Right or wrong?????????
Guest
Guest
(Expert)
01 July 2014
yes you are right dear.......
Rupesh Jain
(Expert)
01 July 2014
yes intt as per drawings.
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