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Term loan

The attached image is Notes to Accounts of Illustration 8 of Unit 1 of chapter 4 of paper 1 Here, how the LOAN FROM STATE FINANCIAL CORPORATION is identified as Term loan...?? Will u please clarify this doubt.? It is not mentioned in question about term loan...

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IMG20210220130929.jpg


Kind Dude

Kind Dude

CA Inter

0

20-Feb-21 13:13

28

Answers (10)

Best Answer

Generally loans from financial institutions against hypothecation of fixed assets are for a specific term.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Feb-21 13:43

Generally loans from financial institutions against hypothecation of fixed assets are for a specific term.

Can we classify all loans against hypothecation as Term loans ??


Kind Dude

Kind Dude

CA Inter

0

20-Feb-21 13:49

It could be working capital loan as well. If say its against stock.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Feb-21 13:49

It could be working capital loan as well. If say its against stock.

So finally to say,.... If Hypothecation against fixed assets is classified as Term loans And if Hypothecation against stock is Working capital loan


Kind Dude

Kind Dude

CA Inter

0

20-Feb-21 13:53

Am i right??

Generally yes.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Feb-21 14:08

Generally yes.

Thank You sir


Kind Dude

Kind Dude

CA Inter

0

20-Feb-21 15:03

How to calculate Basic pay , I didn't understand the sentence i.e.scale of rs 20000-1000-30000

Attachments

3153dc75-717f-41d5-8058-f25f13f3de3e.jpg


kumar G

kumar G

CA Inter

3K+

20-Feb-21 19:43

How to calculate Basic pay , I didn't understand the sentence i.e.scale of rs 20000-1000-30000

Starting basic pay 20,000 every year increment 1,000 till basic pay reaches 30,000


Suraj Lakhotia

Suraj Lakhotia

Admin

21-Feb-21 13:03

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