C-01-Q142mediumsingle_mcq
Mr. Sohan took a loan of 7 lakh taka from Moon Bank for 5 years at 11% interest. He spent 4 lakh taka to purchase machinery and 2 lakh taka for the purchase of raw materials, electricity expenses and employee wages. The remaining amount he kept as a cash reserve.
Mr. Sohan took a loan of 7 lakh taka from Moon Bank for 5 years at 11% interest. He spent 4 lakh taka to purchase machinery and 2 lakh taka for the purchase of raw materials, electricity expenses and employee wages. The remaining amount he kept as a cash reserve.
- aTaking loan from Moon Bank
- bSpending 4 lakh taka to purchase machinery
- cPaying 11% interest
- dKeeping remaining amount as cash reserve