Doubt

Accountancy

In the question why are loans and advances taken as assets? How do we identify in such case whether loans and advances are asset or liability?

Priyanka Udeshi

CFA L1

★ 14K+

18-Aug-21 20:19

863

Answers (1)

Generally considered assets

CA Suraj Lakhotia

Admin

18-Aug-21 20:32

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