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If I borrow against a fixed asset, should or indeed would that be likely to go into the P&L? In the UK, under FRS 102 I mean.
Loans tend not to, tend to help the Balance Sheet and perhaps Cash Flow but if it is secured against a fixed asset or a set of fixed assets or companies, does this boost the Profit and Loss account for the year or is this entirely the incorrect treatment?
Many thanks!
Loans tend not to, tend to help the Balance Sheet and perhaps Cash Flow but if it is secured against a fixed asset or a set of fixed assets or companies, does this boost the Profit and Loss account for the year or is this entirely the incorrect treatment?
Many thanks!