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rbhoyroo
Jul 27, 2010, 04:26 AM
Want to know when you input the amount of loan in the liabilities section , is it the whole amount of loan for ex, Rs 200000 for 4 years period or only the amount that u will pay for one year; Also wish to confirm when u input the stock in the asset section, is it for one year period or monthly

pready
Jul 27, 2010, 08:59 AM
You will place the amount of your outstanding loan in the liabilities section of the balance sheet, broken down into the amount that is to be paid within one year as a current liability and the rest will be a long-term liability.