Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Loan and Advance?
- 16 Answers
- 154962 Views
- Banking, Syndicate Bank, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / syed mohammed
loan is the amount which is given on certain interest for a long term period..
Advances its means , the amount which has be given for a short term period for his personal expenses on without interest charge.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / jayanth
Loan- Is an amount given for a specified period and is
recoverable with a particular interest rate.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sridhar k s
A security is created in the case of a loan whereas in the case of an advanced, security is already there. A moving asset (i.e. Car) is created in the case of a Car Loan. The best example of an advance is Cash Credit secured by hypothecation of stocks. An advance is granted for a short period, say for a period of 12 months, renewed annually.
| Is This Answer Correct ? | 6 Yes | 8 No |
Answer / abu taleb zahid
when a person borrows the money from the other person that is called loan. and advance is given by the known person to meet his official expenses.
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / k
loan is against a security but advance is not against any security, for example vehicle loan given to employees is against the security of the vehicle and if advance is given for travel then it is not against any security
| Is This Answer Correct ? | 28 Yes | 31 No |
Answer / gnani
loan is what i own and the advanis is what i own. wow what
an answer sirjee..!!!
| Is This Answer Correct ? | 6 Yes | 28 No |
how can we copy and paste an whole entry in tally9?
how many type of vat
Vendor A/c Dr To Purchases A/c Cr In an entry what "TO"(Near Purchase) means or stands for or used for or from which accounting angle we have to use.
how to calculate PF how to calculate esi
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
if i get salary of Rs.12000/- p.m. then as per statutory compliance Is there Tds deduction to be made?????
WHAT IS THE WCT ON CONSTRUCTION COMPANY AT PRESENT ( 2010- 11)
What Does Hedgelet Mean?
What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.
29 Answers IBM, MTM,
What Is The Genral Accounting Give Me Details
what is the enty for gift given to company employee by company but purchased by director of the company
our company given party to employees. this expenditure which account head booked ? please tell me
Audit 
