Is borrowed money a liability?

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Solution

Yes, borrowed money is a liability as it needs to be repaid within a certain time period along with interest on the amount borrowed.

Difference Between Fixed Capital and Working Capital

Intangible Assets

Tangible Assets

Difference Between Assets and Liabilities

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Lataben borrowed some money from a bank at a rate of $10 %$ per annum interest for $2 \frac{1}{2}$ years to start a cottage industry. If she paid $R s . 10250$ rupees as total interest, how much money had she borrowed ?

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10 p . c . p . a .

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years to start a cottage industry. If she paid

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