What is the difference between Loan and Advance?
- 16 Answers
- 149798 Views
- Banking, Syndicate Bank, I also Faced
- E-Mail Answers
Answer Posted / rahi
A Loan and Advance may be defined as money lent at interest or on profit. It is nothing but temporary parting with one's [an individual or an institution] resources in order to augment the purchasing power of the receiver of such facility with a promise to return the same with interest profit or otherwise as mutually agreed upon.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
1.recivable and payble 2.pf,tds,esi
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
What is the definition of accounting?
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
Define "book value" as applied to accounting
How is the accounting for lease transactions done?
if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.
What are the differences between accounting and auditing?
Tell me deferred taxation is a part of which equity?
Please let me know Under head of Sales Advance?
please explain all accounting concepts n conventions in detail
