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Loans

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2013 I wanted to know if the housing loan is taken by two persons, what would be the entries in there respective books. Whether the amount of loan is booked proportionately or whole amount of loan is booked in there respective books as the proportionate amount will be a contingent liability.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 June 2013 Loan amount need to be booked proportionately in the respective books

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