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Is a bank loan an asset or liability?

Carlton Burgess

in Student Loans

1 answer

1 answer

Justin Parker on December 28, 2018

This Depends On: . If it is the bank, the loan is an asset because, the loan, the customer is going to pay back the loan amount with interest and you are going to earn a income out of it. . If the loan customer, then the loan is a liability because you are going to return the money along with the interest to the bank that granted the loan. .

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