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Whether borrowings and loans are same or not as per Companie

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(Querist)
10 July 2009 HI Experts!

Plz Tell me Whether borrowings and loans are same or not as per Companies Act
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
10 July 2009 Borrowings and loans are different.

Loans are divided as Term loan, working capital loan, Cash Credit, overdraft etc.

Borrowings means for shortage of funds you will borrow without any proper repayment schedule.

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