Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Loan and Advance?
- 16 Answers
- 154768 Views
- Banking, Syndicate Bank, I also Faced
- E-Mail Answers
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In advances interest is charged only on withdrawn amount and not on given amount.
| Is This Answer Correct ? | 9 Yes | 3 No |
Post New Answer View All Answers
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
As you know executive accounting?
Why current assets Liability said & current Liability Assets said...?at tally ERP9
we can transfer stock between two firms with same name but prop. is different.
Dillution effect on EPS
WHERE WE CAN USE VAT 5%,14.5%
what is profit maximisation
Tell me what are the key tasks for account executive?
What is meaning of invoice?
Do you think there is any difference between inactive and dormant accounts?
What is the limitaion of the Trial Balance?!
Tell me how much statistics knowledge is necessary or required in accounting?
