Accounting · Financial Statements
A loan taken on a mortgage is shown in which section of the financial statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Credit side of Profit & Loss Account
- 2Debit side of Profit & Loss Account
- 3Assets side of Balance Sheet
- 4Liabilities side of Balance Sheet✓
Correct answer
Liabilities side of Balance Sheet
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