Whether borrowings and loans are same or not as per Companie
This query is : Resolved
Saurabh Jindal
(Querist)
10 July 2009
HI Experts!
Plz Tell me Whether borrowings and loans are same or not as per Companies Act
Plz Tell me Whether borrowings and loans are same or not as per Companies Act
CA. B.SRINIVASULU
(Expert)
10 July 2009
Borrowings and loans are different.
Loans are divided as Term loan, working capital loan, Cash Credit, overdraft etc.
Borrowings means for shortage of funds you will borrow without any proper repayment schedule.
Loans are divided as Term loan, working capital loan, Cash Credit, overdraft etc.
Borrowings means for shortage of funds you will borrow without any proper repayment schedule.
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