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 Fixed Assets  |  Question 23 of 27    Print  
Loans & Advance
Why do we calculate loans & advance on the asset side of the balance sheet?


  
Total Answers and Comments: 1 Last Update: January 28, 2008     Asked by: mrforever 
  
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January 28, 2008 06:41:36   #1  
arvinda1 Member Since: January 2008   Contribution: 1    

RE: Loans & Advance

Payments to staff as advance and loan to sister concern or other company on interest is chargeble (TERM LOAN ETC)


 
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Why do we calculate loans & advance on the asset side of the balance sheet? 
Latest Answer : Payments to staff as advance and loan to sister concern or other company on interest is chargeble (TERM LOAN ETC) ...


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