Qualification > Commerce
Business Paper (2)
MaNa:
--- Quote from: rekomeko on June 02, 2009, 07:07:15 pm ---
--- Quote from: ManaH on June 02, 2009, 07:02:48 pm ---Guys i wanna make sure
a bank is intrested to see the trading accoint n profit n loss acount of the company right??
n
liablilty are OWED by the business
n assets are OWNED right?
--- End quote ---
absolutely correct :)
One more thing a bank is interseted in is:
Debtors, if debtors dont pay the business on time, then this will cause a cashflow promlem and thus discourage the bank to give the loan
Creditors, bank manager will see if the business sticks to the given period of time for paying the loan or not
HOPE THIS HELPS :)
GOOD LUCK
--- End quote ---
+ rep to u but another queatiobni get confues in debtor n creditor
debetor are those who company owe n creditor are those who owe money to the busienss?
astarmathsandchemistry:
--- Quote from: ManaH on June 02, 2009, 07:10:41 pm ---
--- Quote from: rekomeko on June 02, 2009, 07:07:15 pm ---
--- Quote from: ManaH on June 02, 2009, 07:02:48 pm ---Guys i wanna make sure
a bank is intrested to see the trading accoint n profit n loss acount of the company right??
n
liablilty are OWED by the business
n assets are OWNED right?
--- End quote ---
absolutely correct :)
One more thing a bank is interseted in is:
Debtors, if debtors dont pay the business on time, then this will cause a cashflow promlem and thus discourage the bank to give the loan
Creditors, bank manager will see if the business sticks to the given period of time for paying the loan or not
HOPE THIS HELPS :)
GOOD LUCK
--- End quote ---
+ rep to u but another queatiobni get confues in debtor n creditor
debetor are those who company owe n creditor are those who owe money to the busienss?
--- End quote ---
thanks!
NO!!, it is the opposite u can remember it like this DOUCOT
Debtors Owe Us
Creditors Owe To
haha i just made it up, hope it helps :)
GOOD LUCK
MaNa:
--- Quote from: rekomeko on June 02, 2009, 07:12:30 pm ---
--- Quote from: ManaH on June 02, 2009, 07:10:41 pm ---
--- Quote from: rekomeko on June 02, 2009, 07:07:15 pm ---
--- Quote from: ManaH on June 02, 2009, 07:02:48 pm ---Guys i wanna make sure
a bank is intrested to see the trading accoint n profit n loss acount of the company right??
n
liablilty are OWED by the business
n assets are OWNED right?
--- End quote ---
absolutely correct :)
One more thing a bank is interseted in is:
Debtors, if debtors dont pay the business on time, then this will cause a cashflow promlem and thus discourage the bank to give the loan
Creditors, bank manager will see if the business sticks to the given period of time for paying the loan or not
HOPE THIS HELPS :)
GOOD LUCK
--- End quote ---
+ rep to u but another queatiobni get confues in debtor n creditor
debetor are those who company owe n creditor are those who owe money to the busienss?
--- End quote ---
thanks!
NO!!, it is the opposite u can remember it like this DOUCOT
Debtors Owe Us
Creditors Owe To
haha i just made it up, hope it helps :)
GOOD LUCK
--- End quote ---
ur genius MashAllah
Thanks Good luck to u too :)
but we mostly say that the business would face prob to pay back it debt so is tat sentence wrong?
astarmathsandchemistry:
--- Quote from: ManaH on June 02, 2009, 07:13:50 pm ---
--- Quote from: rekomeko on June 02, 2009, 07:12:30 pm ---
--- Quote from: ManaH on June 02, 2009, 07:10:41 pm ---
--- Quote from: rekomeko on June 02, 2009, 07:07:15 pm ---
--- Quote from: ManaH on June 02, 2009, 07:02:48 pm ---Guys i wanna make sure
a bank is intrested to see the trading accoint n profit n loss acount of the company right??
n
liablilty are OWED by the business
n assets are OWNED right?
--- End quote ---
absolutely correct :)
One more thing a bank is interseted in is:
Debtors, if debtors dont pay the business on time, then this will cause a cashflow promlem and thus discourage the bank to give the loan
Creditors, bank manager will see if the business sticks to the given period of time for paying the loan or not
HOPE THIS HELPS :)
GOOD LUCK
--- End quote ---
+ rep to u but another queatiobni get confues in debtor n creditor
debetor are those who company owe n creditor are those who owe money to the busienss?
--- End quote ---
thanks!
NO!!, it is the opposite u can remember it like this DOUCOT
Debtors Owe Us
Creditors Owe To
haha i just made it up, hope it helps :)
GOOD LUCK
--- End quote ---
ur genius MashAllah
Thanks Good luck to u too :)
but we mostly say that the business would face prob to pay back it debt so is tat sentence wrong?
--- End quote ---
thanks!! :)
Ur welcome
hm.....i dont get what u exactly mean??
If you mean that saying "The business would face problem to pay back its debts" is wrong then no it isn't :) lol
MaNa:
ok so we would say that the business would face prob in paying back its LOANZ?
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