LOAN

Loan:

These liability are those liability in which the proprietor have to pay the loan to bank for long term or short term.

Type of loan:

Long term loan

These loan are those loan which have to pay by the proprietor for long term business use to bank.

These are two type:

Secured loan: These loan are those loan in which the bank have to take security or guaranty from the customer.
Unsecured loan: These loan are those loan in which the bank don't have to take any security or guaranty from the customer.

Short term loan

These loan are those loan in which proprietor have to pay the loan to band for short term.

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