For a bank, Loans and advances given to a project company is a:
ALong term assetCorrect AnswerIncorrect Answer
BCurrent assetCorrect AnswerIncorrect Answer
CLong term liabilityCorrect AnswerIncorrect Answer
DCurrent liabilityCorrect AnswerIncorrect Answer
EProvisionCorrect AnswerIncorrect 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.