हिंदी

In order to borrow funds from banks and financial institutions, a business firm has to submit its final accounts. - Commercial Applications

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प्रश्न

In order to borrow funds from banks and financial institutions, a business firm has to submit its final accounts.

विकल्प

  • True

  • False

MCQ
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उत्तर

True

Explanation:

Banks and financial institutions require a firm’s final accounts to evaluate its financial position, profitability, and repayment capacity before granting loans.

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अध्याय 11: Nature and Terminology of Accounting - EXERCISES [पृष्ठ १३३]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 11 Nature and Terminology of Accounting
EXERCISES | Q I. 6. | पृष्ठ १३३
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