Ask Experts Questions for FREE Help !
Ask
    rbhoyroo's Avatar
    rbhoyroo Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 27, 2010, 04:26 AM
    Do we put amount of loan to be paid for one year or for the whole repayment period in
    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's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to calculate amount of dividends paid in a particular year [ 1 Answers ]

How to calcualte the dividends paid during a year

Tried to repayment the amount [ 1 Answers ]

I had filed some fraudelent insurance claims a few years ago totalling $5600. A few years ago I had hired a lawyer and wanted to repay this amount. The insurance company would not even respond back to my lawyer on this matter. Now I have to appear in court and be charged with fraud over $5000. ...

Paid Loan Intrest/Amount in India for Student in USA [ 1 Answers ]

Hello Tax Eperts, For a student,F-1, in USA if he pays back his Education Loan in India, can he get any benefits by indicating that Amount/Intrest while filling 2008 Tax? If yes what point should be considered while claiming?

Figuring a 26 year loan amount [ 1 Answers ]

If paid-in-full today October, 2008, what should be the total amount due, including a reasonable interest rate on 11 thousand dollars loaned to a friend in January, 1982, in which there was no written agreement?

Rebate on amount paid for repayment of housing loan [ 1 Answers ]

Mr X purchased a house jointly with his wife. For purchase of house he has taken a loan in joint names with wife. Loan repayment is being done by Mr. X alone from his account. If wife of Mr X isnot willing to take benefits of repayment in income tax, is Mr X alone eligible to take the whole...

View more questions Search