What groups do term loans & other medium/long _term loans come? - ProProfs Discuss
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What groups do term loans & other medium/long _term loans come?



A. Unsecured Loan
B. Secured Loan
C. Loans & Advances
D. Current liability

This question is part of Challenging Tally accounting quiz
Asked by Wyatt Williams, Last updated: Oct 14, 2019

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2 Answers

jamespeter

Jamespeter

Answered on Oct 14, 2019

Secured or unsecured comes under personal loans. Loans and advances can include all the loan types which are short term loans and long term loans.

Loans and advances satisfies the question.

 Reply

Wyatt Williams

Wyatt Williams

Answered on Oct 16, 2017

Loans & Advances
 Reply

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