MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Cash Flow from Financing Activities

Loan is the m...

Question

Loan is the money you receive from a bank or financial institution in exchange for a commitment to repay the borrowed amount with interest.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True

Suggest Corrections

thumbs-up

0

Similar questions

Q. ____ is the money you receive from a bank or financial institution in exchange for a commitment to repay the borrowed amount with interest.

Q. World Bank is an international financial institution that provides loans to countries of the world for capital programs. Which of the following was the first country to receive a loan from the World Bank?

Q. A financial institution where customers can borrow or save money is called a ____.

Q. Tulsiram borrowed some money from a bank for

2 \frac{1}{2}

years at the rate of 10% per annum. To repay his debt he had to pay Rs 10,250 as interest. What was the principal that he had borrowed?

Q. A bank charges Rs. 6 for a loan of Rs. 120. The borrower receives Rs. 114 ' and repays the loan in 12 installments of Rs. 10 a month. The interest rate is approximate.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Diving Deeper

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Cash Flow from Financing Activities

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon