Question

For a bank, Loans and advances given to a project company is a:

A Long term asset Correct Answer Incorrect Answer
B Current asset Correct Answer Incorrect Answer
C Long term liability Correct Answer Incorrect Answer
D Current liability Correct Answer Incorrect Answer
E Provision Correct Answer Incorrect Answer

Solution

For a bank, loans and advances given are the main assets and since it is given to a project company, it would be for more than a year and hence long term in nature.  

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