DIFFERENCE

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P. SHARMA (Querist)
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03 May 2020 Please inform me , difference between MISC INCOME & MISC RECEIPT.

Please inform me , difference between SECURED LOAN & UNSECURED LOAN with example.

c.bakshi

c.bakshi (Expert)
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04 May 2020 1. mis. income is the money received on account of any income which is not your earned by using your operating activities whereas mis receipt is on account of money received in any mode. e.g. you sale your daily newspaper as 'raddi' is your mis. income and when your receipt it can be termed as mis receipt.
2. secured loan always accompanies with some guarantee which might me movable or immovable assets and whereas unsecured loan which is not secured by some guarantee which might me movable or immovable assets. i hope you clear

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c.bakshi

c.bakshi (Expert)
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04 May 2020 example of secured loan is loan against property and unsecured loan is money taken from directors

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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09 May 2020 Secured Loans Examples:
Mortgage
Home Loans
Auto Loan
Recreational Vehicle Loan
Secured Credit Cards
Secured Personal Loans

Un-Secured Loans Example:
Credit cards,
Student loans,
Personal loans

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