What is the difference between Loan and Advance?
Answer Posted / shailendra
loan always comes with the interest but advance always
been without interest.
for ex- v provide loan for a particular period against
security but advance always given to a known or any
official for a particular work without any specific period.
Is This Answer Correct ? | 25 Yes | 12 No |
Post New Answer View All Answers
When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
what do you consider to be the biggest challenge facing the accounting profession today?
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
AL+w button lanunches the .............. installed web brower
What are the differences between accounting and auditing?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
What are control ledgers?
formula of reduction in tax credit of vat form 201(gujarat)
What does the abbreviation dr mean in accounting?
what is mean by sample account and data transfer rule in SAP FI?
Follow up ageing balances of Debtors & Creditors and also Inventory
our cheque to Arshad Khan was dishonored?
Mention in simple terms what is the difference between asset, equity, and liabilities?
director wife expenses which entry