BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A loan from a bank would should up on the balance sheet as a
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Asset
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Equity
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Share
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Liability
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Explanation:
Detailed explanation-1: -Bank Loan is shown in the Equity and Liabilities side of Balance Sheet under the head Non-current liabilities and sub-head Long-term borrowings.
Detailed explanation-2: -Typical long-term liabilities include bank loans, notes payable, bonds payable and mortgages.
Detailed explanation-3: -Bank debt is a long-term liability a business takes on by borrowing money from its bank. It appears under liabilities on the balance sheet as part of all the money the company owes its creditors.
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