What is the meaning of lent in account
Answer (1)
17th May, 2018
Hello karan, the word you have written lent, I think you meant lend beacause lent is fasting tradition in preparation of easter done by christians. Lend in terms of accounting means that to provide money to someone for a particular time period and the lender will expect some returns as interest. Eg- xyz Ltd takes a loan of 10 lakh from a bank for 5 years. so, the xyz Ltd have to pay some interest also on the money to the bank.
Comments (0)
Related Questions
Trending Articles/News
![Top MBA Colleges Accepting MAH MBA CET 2026 [UPDATED LIST]: Cutoff, Percentile-Wise Colleges - JBIMS, SIMSREE](https://cache.careers360.mobi/media/presets/50X50/article_images/2026/4/7/mah-mba-cet-top-colleges-list-2026.jpg)
