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Treatment of long term loan A/c in balance sheet and in Books during the year?

Loan Origination Accounting
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Question added by fayyaz ahmad , Internal Auditor , Medicine co
Date Posted: 2015/04/03
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حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with radhe ..........................................

Radhe Ray
by Radhe Ray , Senior Accountant , Abdullah A.M.Alkhodari Sons Co.

Yes : The long Term loans showing in the balance sheet as well as in Books of accounts also.

fayyaz ahmad
by fayyaz ahmad , Internal Auditor , Medicine co

Loan will be shown under the head long term Liabilities while transaction in the book include (debit or credit or both mean movements of entries.

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