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Housing loan to show in balance sheet doubt

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3145 Points Posted on 04 February 2023
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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On 04 February 2023 at 10:28 Report
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Profession Business
28207 Points Posted on 04 February 2023
Principal - *******
interest ********


repayment within a span .
1 Reply
On 04 February 2023 at 13:38
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Chartered Accountant
86505 Points Posted on 04 February 2023
This is payment details not balance details. You have to show balance amount in balance sheet
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On 04 February 2023 at 22:14
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3145 Points Posted on 05 February 2023
@ Honourable Rashmi Gandhi mam thanking you for your guidance
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On 05 February 2023 at 06:24
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Profession Business
28207 Points Posted on 05 February 2023
Loan is a balance sheet item. the interest will appear in profit and loss account.
1 Reply
On 05 February 2023 at 09:02
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Chartered Accountant
86505 Points Posted on 05 February 2023

Welcome Dear 🤗🤗

1 Reply
On 05 February 2023 at 12:15
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2 Points Posted on 20 May 2023

https://www.oxfordinstitute.in/

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On 20 May 2023 at 12:59
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2 Points Posted on 27 September 2023

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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On 27 September 2023 at 16:27


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