Answer Posted / mohammad hamid

A loan is granted for a specific time period,granted against security of certain asset.
Whereas
Advances means credit facility provided by the bank to its customer differ from loan in the sense that loan may be granted for longer period and cash credit for short period.
In advances interest is charged only on withdrawn amount and not on given amount.

Explain different branches of accounting?

1210

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My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

2064

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In which term & condition excise invoice raises & for what excise invoice raise?

1336

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we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

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1881

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Explain which account is responsible for interest payable?

1288

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1987

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1109

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what are the direct expense of loan department in banks.

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2995

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1027

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Is it mandatory for the employees staff of a School, if so give details

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1957

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what are the disadvantages of back-flush accounting?

1032

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