whether we can give goods on loan to other concern doing business of similar goods on a nominal interest of say 2-3%.
mukesh kumar khandelwal (head -accounts) (24 Points)
05 October 2012whether we can give goods on loan to other concern doing business of similar goods on a nominal interest of say 2-3%.
KRISHNA KANT
(IPCC STUDENT)
(37 Points)
Replied 05 October 2012
will u accept the repayment of loan in the terms of the same goods...
when goods are given on loan, it may take a form of hire sales!!!!