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State the nature of accounting information …

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State the nature of accounting information required to long term lenders

Posted by Vinay Vinay 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

The long-term lenders are interested in knowing if they are likely to get their money back or not. They look particularly at the liquidity of the business, i.e., the ability of the company or organisation to repay its debts and its interest when they become due. They just want to judge the repaying capacity of the business.

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