Asked by Andy Blackwell Uncategorized
What is long term substance of the bank?
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Asked in Business & Finance
State a source of both short-term and long-term funds?
Asked in Personal Finance, Loans, Money Management
What are the advantages and disadvantages of bank term loan?
What is the journal entry for a 9000 long term loan that will be repayed at 10000 at a later time Also what is the journal entry for repaying this loan in full?
What is the longterm of CRDB Bank Plc in Tanzania mean?
What is the medical term meaning a foreign substance?
Asked in Personal Finance
form_title=Term Loans form_header=Finance your business with a term loan from the bank. What type of term loan are you interested in?=  Intermediate Term Loan  Long Term Loan How much do you intend to borrow with your next term loan?=_ How long to do you hope to take to pay the term loan back in full?=_
Asked in Synonyms and Antonyms
What is another word for Substance that dissolves in water?
Is a bank loan a long term liability?
That depends, how much is the bank loan, how long is the loan for. Most times YES it would be a long term liability. One sure way of knowing whether it is long term or current. Long Term is a loan or payable that will not be paid off in one years time. Current is one that will be paid off in one years time or LESS! Just remember Current Liability - Account Payable (short term) - 12 months or less Long Term Liability - Note Payable (long term) - 1 year or more Note... Liabilities that are short term are listed under current liabilities, Current Liability is the Balance Sheet category for a Short Term Liability.
Asked in Chemistry
What is the term for a substance undergoing a chemical change?
Explanation of long term financing in commercial banks?
First, "long-term" might not be that long as it generally means how long it would take to increase capacity. A Farmer might do that in one season by planting additional acres. But generally banks don't offer long term financing, though the bank holding company might have a subsidary that does it. I would guess,guess, ten years might be limit for bank loans.
Asked in Personal Finance, Loans, Business Accounting and Bookkeeping, Money Management, Accounts Payable, Accounts Receivable
Is bank loan a current liability?
That depends on the term of the loan. Let's define Current Liability and Long-Term Liability A current liability is any liability that will be paid off within one year (or less) or one accounting cycle. A bank loan, if is financed for One Year or less, would be classified as a Current Liability. A Long-Term Liability is anything OVER a year. So if the bank loan is financed for more than one year, it will then be classified as a Long-Term Liability.
Asked in Disability Insurance
Can bankruptcy prevent garnishment of private long-term disability income?