Re: ::: vuaskari.com ::: Fwd: Ans required

The right option is

a) Loan

Reference: Mgt411 - page # 17

Bank Loan: A borrower obtains resources (good and services) from a lender immediately in exchange for a promised set of payments in the future.

Reason for other option cancellation:

Debt => usually are bonds, not obtained in exchange of goods and services

Credit => amount payable, can be past payables, not specifically arises out of promises.

Ready money => Nothing like this exists :)

Chauhdary Muhammad Fawad Ahmed

MBA 4th semester

Lahore
Virtual University of Pakistan

On Sat, Jun 4, 2011 at 2:05 PM, mc100402061 Muhammad Ayub Khan <mc100402061@vu.edu.pk> wrote:

On Sat, Jun 4, 2011 at 1:22 PM, Samia Butt <emo.girl2259@gmail.com> wrote:

---------- Forwarded message ----------
From: Samia Butt <emo.girl2259@gmail.com>
Date: Fri, Jun 3, 2011 at 11:37 PM
Subject: Ans required
To: vuaskari_com@googlegroups.com

A Promise of future payment in cash or kind given in exchange for goods or service is called
a. Loan
b. Debt
c. Credit
d. Ready money

correct ans Required with Ref

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Samia Butt

MBA Final (HRM)

Super moderator Girls

http://www.vuaskari.com/

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Samia Butt

MBA Final (HRM)

Super moderator Girls

http://www.vuaskari.com/

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MBA 4th semester

Lahore
Virtual University of Pakistan

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