How can shown shop loan in balancesheet
PRASHANT DESAI (Service) (49 Points)
28 December 2016PRASHANT DESAI (Service) (49 Points)
28 December 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 28 December 2016
No benefit over principal, but interest paid to bank can be deducted in P&L.
Loan amount is shown under loans and liabilities in BS.
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