Identify which of the following is not a unsecured loan in Balance sheet of a Company?

Question

a) Acceptance of Fixed Deposits.

(b) Creation of Sinking Funds.

(c) Loans and advances from others.

(d) Short term loans from Banks.

Rizwan Haji · Answer

Secured Loan in the Balance Sheet is

(d) Short term loans from Banks.

vishal agarwal · Answer

Creation of Sinking fund is not a loan

Gayasuddin Mohammed · Answer

(C) Loans from others is the right answer. Thanks.

Poster Mahaba · Answer

HI

LET'S AGREE THAT UNSECURED LOAN IS THE LOAN ISSUED WITHOUT HAVING ANY FALL-BACK POSITION THAT IS INCASE THE LOAN DEFAULTED OR IN ANOTHER WORDS INCASE OF ANY EVENTUALITY THE ISSUER OF LOAN WILL SUFFER A TOTAL LOSS THEREFORE IT IS ADVISABLE TO TAKE VARIOUS SECURITITIES SUCH AS LEGAL MORTGAGE, CHATTELS MORTGAGE, LIEN OVER CASH DEPOSIT AND OTHERS SO THAT WHEN SOMEONE DEFAULT THE SECURITY WILL BE REALISED TO SETTLE THE DEBT OUTSTANDING.

BACK TO OUR QUESTION IT IS NOT EASY TO SAY WHICH ONE IS UNSECURED UNLESS WE PROVIDED WITH ADDITIONAL INFORMATION ABOUT THE ARRANGEMENT OF EACH LOAN.

REGARDS

P.H.MAHABA

Mohsin Patel · Answer

Short termed loans from banks

Fuzail Kureshi Mohammed · Answer

c) Loans and advances from others.

Mohd Nadeem · Answer

c is the right answer loan and advances from others

Badar Khan · Answer

the correct answer to this question is (C)

SHARIQ ULLAH KHAN KHAN · Answer

Loan from Banks are not unsecured.

tanveer ahmed · Answer

The example of secured loan is A) Acceptance of fixed deposits.

Parmod Singal · Answer

(b) Creation of Sinking Fund

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Identify which of the following is not a unsecured loan in Balance sheet of a Company?

a) Acceptance of Fixed Deposits.

(b) Creation of Sinking Funds.

(c) Loans and advances from others.

(d) Short term loans from Banks.

Secured Loan in the Balance Sheet is

(d) Short term loans from Banks.

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