Accountancy, asked by sami484, 5 months ago

how we can say that bank loan is a liability​

Answers

Answered by tiya1601
14

A bank makes a loan to a borrowing customer. The borrower is credited with a deposit in his account and incurs a liability for the amount of theloan. The bank now has an asset equal to the amount of the loan and a liability equal to the deposit.

Answered by kevinFoster24
5

Answer:

same answer ⬆️⬆️⬆️ so,


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