Mr X having housing loan
principal 85,061.09
towards interest 159018.92
in balance sheet on liabilities side under loan s whether I have to show with interest or only principal amount ???
plse help me
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Housing loan to show in balance sheet doubt
Replies (7)
Principal - *******
interest ********
repayment within a span .
interest ********
repayment within a span .
This is payment details not balance details. You have to show balance amount in balance sheet
@ Honourable Rashmi Gandhi mam thanking you for your guidance
Loan is a balance sheet item. the interest will appear in profit and loss account.
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I read your article and I really like it its very useful and informative article
https://www.grdindia.in/blog/current-home-loan-interest-rates-in-delhi:-a-guide-2023.html
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