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A bank financing for 8 years is a:?

1. Long term financing

 

2. Medium term financing

 

3. Short term financing

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Question added by Zehab Osman , Accountant , Aldar Consultancy Co.
Date Posted: 2015/08/25
mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

answer :

1. Long term financing

but also depends on kind of business company works in

Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

1. Long term financing...............................

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option1 is the right answer.

Muhammad Ayaz Mubeen
by Muhammad Ayaz Mubeen , Assistant Manager Accounts , Paragon Constructors Pvt Ltd

Answer1. 

8 years financing is long term financing.

Adona Jarque
by Adona Jarque , Accounting Staff , Chinese Commercial News

A bank financing for8 years is no.1

 

 

rand qadri
by rand qadri , The owner of jordan cafes Snap & page , Jordan cafes

long term because its bigger than5 years

Sohaib Lodhi
by Sohaib Lodhi , Financial & Operational Analyst , Rely Industries FZCO

would be

2. Medium term financing

Safeer Koyithan Kandy
by Safeer Koyithan Kandy , General Accountant , Hala Trading

Answer is Option1

Long Term Financing

 

Muhammad Faisal
by Muhammad Faisal , Finance Manager , Construction and Rental Asad Building & Contracting L.L.C

Long-Term financing is considered for in the range of5+ years

Long term fanancing. And actually depends upon bank condition.but simply we can say that it is long term financing for a bank.

Badar Khan
by Badar Khan , Accounts cum administrative assistant , Al Qassimia Drivng Training Centre.Sharjah

its is treated as  a long term loan

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