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how to show House loan in balance sheets?
Replies (3)
Quick Summary
Business and personal expenses are seperate,hence you can't integrate both under one common platform.
There may be some disclosure parameters as per Schedule Vi
There may be some disclosure parameters as per Schedule Vi
You can't show whole total of house loan in balance sheet as it's interest and principal are treated differently in financial statement
If it's an individual's balance sheet then its absolutely fine.
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