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help with balance sheet question

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spursy:
yea sorry it says as at april 1st so we wouldn't include the interest and loan repayments. One more question, why is the $9000 we take out from loan legends not included in bank. Is this on credit?

cotangent :

--- Quote from: spursy on November 02, 2019, 10:21:56 am ---yea sorry it says as at april 1st so we wouldn't include the interest and loan repayments. One more question, why is the $9000 we take out from loan legends not included in bank. Is this on credit?

--- End quote ---

Because Its a personal loan, so the money would've gone into the owners bank account not the business's.

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