Accountancy, asked by pratikmagadum6163, 11 months ago

A ___Would Most Likely Use An Entities Financial Report To Determine Whether Or Not The Business Entity Is Eligible For A Loan

Answers

Answered by poojan
0

A Creditor would most likely use an entity's financial report to determine whether or not the business entity is eligible for a loan.

Explanation:

  • The creditor is the one to whom the organization/client should pay the amount after buying the goods and services on credit.
  • To get the amount on time, creditors offer some attractive cash-intensive discounts for a period.
  • Creditors are the short term liabilities
  • Short-term creditors: The ones that are given by analyzing the short-term financial position of the company.
  • Long-term creditors: The lenders, who provide the loans for a longer period, basically for long-term business purposes.

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