Balance Sheet

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While Making Balance Sheet -
I have under construction House Property Valuation is RS. 34lacks
Amount paid at the time of registration 7lack . rest amt. having H.P loan RS. 27lacks

My Q. is how to Show flat & Loan
transaction in Balance Sheet.

But flat is in under construction
Replies (2)
Flat is fixed Assets Flat/building under construction And show the loan in liability side

Assets Side

Under  Fixed Assets, 

Capital Work in Progress       34 lakhs

Bank                                       (7 lakhs)

Liability Side 

Secured Lan                          27 Lakhs 

 

 

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