MANAGEMENT

BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A loan from a bank would should up on the balance sheet as a
A
Asset
B
Equity
C
Share
D
Liability
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: -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.

Detailed explanation-3: -A liability is a debt or obligation you have that you’re servicing. Examples include: Home loan/mortgage.

There is 1 question to complete.