Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Differentiate between loans and advances

Sagot :

Answer:

Loans are a source of long-term financing (typically more than a year), whereas the advances are a source of short-term financing

Explanation:

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.