In which side of balance sheet deposit loans and advance will be shown?

ASHMIN, It should be shown under current liability.

But Why it is a kind of advance that has been taken from the shop at the time of giving shop in rent. Its a kind of current asset.

Experts is there no reply for this queries.

Because It is our Liability which we need to pay in near future.

And about advance , it cannot be consider as such because we had taken advance (liabilty), not gave advance then their is no way it can be considered as current asset.

Thank you very much