Interest bearing loan to related party abd Schedule III

Yes, an interest-bearing loan to a related party should be shown in the Balance Sheet under Schedule III, specifically in the "Loans and Advances" section. Here's how to report it: 1. _Loans and Advances_: Show the loan as a liability in the "Loans and Advances" section of the Balance Sheet. 2. _Related Party Disclosure_: Additionally, disclose the loan in the "Related Party Transactions" notes to the accounts, as per Accounting Standard (AS) 18. 3. _Interest Expense_: Report the interest expense on the loan in the Profit & Loss Account. Remember to comply with the applicable accounting standards and regulatory requirements.