outrights loans and advances and cash credits are they the same?
Answers
Answered by
0
Answer:
Money provided by the bank to entities for fulfilling their short term requirements is known as Advances. Loan is a kind of debt while Advances are credit facility granted to customers by banks. ... Loans can be secured or unsecured whereas Advances are generally secured by asset or by guarantee from a surety.
Answered by
2
No these are not same.......
if i m correct plzz follow me and mark as brainliest answer...plzzplzzz
Similar questions