What is the difference between loans & advances?

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25 June 2012 Dear Sir/ Ma'am,

Can you please explain the difference between loans & advances in Asset side?

also what does Loans in Liability side refer to? (kindly explain)..

I would b really obliged if you can answer me these questions. Also if you can let me know what book should I purchase if i want to get all these info from? I have forgotten Accounts a bit so need to brush up..

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07 July 2012 no reply, hence closing it...


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