Given below is the balance sheet of an individual for f.y 2012-13
Capital Bal b/f 2833500 Intt.Sb A/c -809 Intt on U/L -86950 Intt on ppf - 15200
Assests
Jewellery 500000 Bank Balance 2350 U/L 1090500
Now please let me know if i received Rs 500000/- under U/L ( unsecured Loan ) Than what amount will be considered in assests side and what tretment will be done with TRs 500000/- Lac
CAclubindia
