A firm has a Fixed Deposit of Rs 20,00,000.00, on which they have taken a loan of Rs 16,00,000.00
In the Balance Sheet, do we have to show
Asset of 20,00,000.00 and Liability of 16,00,000.00, or
Asset of 4,00,000.00 and Liabilty of 16,00,000.00 (since 16,00,000.00 loan is taken and is no longer an asset)