09 November 2014
DEAR, STORY : If a person borrowed loan for house construction of Rs. 10 lakh from the bank and he starts construction. he thought he will complete construction with 10 lakh. but the value of construction goes to 25 lakh. then he managed the 15 lakh Rs. from his other source of income that he did not showed yet but it is his own income.
Qu : so which amount should he show in balance sheet and how should he manage his balance sheet so as to solve this issue?