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Loan Sanctioned and Disbursement Amount

RAHUL RAJU (124 Points)

07 January 2021

I have been sanctioned a home loan of Rs 1 crore but the actual disbursed amount is only 30 lakhs. So what will the balance come in my Balance Sheet as on 31.3 ?
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5 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 07 January 2021

It is easy to use accruals principles. For example, 1 crore liability, 30 lakhs bank and 70 lakhs receivables

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Kapadia Pravin (17254 Points)
Replied 07 January 2021

Show 30 in Balance Sheet.

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ARNAV DASGUPTA (STUDENT) (27 Points)
Replied 07 January 2021

Sir, since your liability as on balance sheet date in 30 lac only, the amount to be taken in balance sheet in 30 lac... no effect of balance 70 lac to be taken until received.. accrued intrest will also be upon 30 lac only

1 Like

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 07 January 2021

It’s personal personal statement, sry, just put 30 as liability and bank

Smit Shah (524 Points)
Replied 07 January 2021

30 lacs as bank balance and liability

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