What is the difference between Loan and Advance?
- 16 Answers
- 149803 Views
- Banking, Syndicate Bank, I also Faced
- E-Mail Answers
Answer Posted / lxmi1972
Loan- Is an amount given for a specified period and is
recoverable with a particular interest rate.
Advance- means it is given for a temporary basis to meet out
cause (say)purchases, Travel expenses etc., Interest is not
charged on this advance amount.
Both are Balance sheet items.
| Is This Answer Correct ? | 204 Yes | 76 No |
Post New Answer View All Answers
What is vat adjustment?
what is general accounting
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
What is Time capital
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
What is band and why the company needs this?
What is departmental accounting? Give an example
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
is goods in transit will be liable for entry tax ?
Explain which account is responsible for interest payable?
Tell me what are the activities that includes in cash flow statement?
describe any accounting process that you have developed or revised
