1.

What is long term loans and advances?​

Answer»

Explanation:

A form of dept that is paid off over an extended time frame that exceeds one year in duration. OBTAINING a long term loan provides a business with a working capital that it can use to purchase ASSETS, inventory or equipment which can they be USED to create additional income for business

Hope it HELPS you

Thank you



Discussion

No Comment Found

Related InterviewSolutions