Education Loan

My client took education loan 18 lakh for his son so my question is where to show in balance sheet this Transaction.
Replies (3)
Quick Summary
This discussion clarifies that education loans, taken for personal reasons like a child's studies, are generally not shown on a business's balance sheet. They are considered personal liabilities rather than business debts. The type of business constitution is mentioned as a factor, but the consensus is that personal education loans fall outside of business accounting.

Not get you properly
for audit you can show
Education Loan is usually not shown in the Balance Sheet of the Business. It's your client's personal matter. It's not a Business loan.

What is your Client's Constitution of Business ???
Education Loan never shown in Balance Sheet.

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