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Why do we calculate loans & advance on the asset side of the balance sheet?

Asked By: mrforever | Asked On: Jan 22nd, 2008

Answered by: Hanumantharaya.D on: Nov 27th, 2012

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.

Answered by: santosh kumar on: Aug 1st, 2011

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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