Loan taken from bank will be classified as -

Assets

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Liabilities

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Shareholder's funds

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None of these

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Solution

The correct option is B
Liabilities

Loan taken from bank will be classified as liabilities

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Similar questions

Q. Loan taken from outsider which is repayable in the next 13 months will be classified as a/an liability.

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Q. From the following calculate:

(a) Current Ratio; and
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Loan taken from bank will be classified as -

The correct option is B Liabilities Loan taken from bank will be classified as liabilities

The correct option is B
Liabilities

Loan taken from bank will be classified as liabilities