Accountancy, asked by pankhudisarda, 6 months ago

obtain a bank loan is which receipt
A) revenue
b)current
c)capital
d) concurrent

Answers

Answered by parishmitad978Pari

Answer:

In the event that the firm does not have the required cash on hand to settle the bill, it may obtain financing from a bank via a trust receipt. The trust receipt serves as a promissory note to the bank that the loan amount will be repaid upon sale of the goods.

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