Why do we calculate loans & advance on the asset side of the balance sheet?
Loans & advance shown on the asset side of the balance sheet because this is assets now that why we are shown in the asset side of the balance sheet.
Loans and advance showing in asset side in BS Loans and advances is an repayable item to the company so its shown in asset side in BS
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Loans & advance shown on the asset side of the balance sheet because this is assets now that why we are shown in the asset side of the balance sheet.
Loans and advance showing in asset side in BS
Loans and advances is an repayable item to the company so its shown in asset side in BS