how we can say that bank loan is a liability
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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.
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same answer ⬆️⬆️⬆️ so, ✨
maddymaadhavan:
hi
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