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

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arvinda1

  • Jan 28th, 2008
 

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

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saiarvind

  • Dec 10th, 2009
 

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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mangiraj yumkham

  • Jul 24th, 2011
 

advances on asset side are those advances which are paid for now but realize at future date. so it is an assets to the company. And Loan on assets side ate those loans which are given by the company and to be recovered in future with interest. so it is an asset to the company.

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suresh

  • Jul 30th, 2011
 

because that is our current assets,

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santosh kumar

  • 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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Hanumantharaya.D

  • 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.

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