Question

Loan fund does not include one of the
following
1. O Debentures
2. Loans
3. Provisions for taxation
4. Public deposits​

Answer 1

Answer:

4 public deposits accepted from public Direct

Answer 2

Answer:

Loan fund does not include provision for taxation.

Explanation:

Loan fund in accountancy is also known as borrowed funds. In other words, loan means borrowing something for whatever the reason might be. Generally, the common sources of borrowing funds are issue of debentures, selling of shares, public deposits, loans from banks, trade credit and so on. Provision of taxation on the other hand is that money that are kept for paying the tax during the current year. Hence, loan fund can not include provision for taxation.