The advice which I would give to a poor farmer who intends to collect a loan to cultivate three acres of paddy with Islamic microfinance is that he should show his business plan to the bank.
The procedure which he needs to take include:
- Submitting his business plan.
- Checking his credit history/worthiness.
- Talk to the bank finance advisor about their loan plans and validity.
<h3>What is a Loan?</h3>
This refers to the money collected for the purpose of solving a need or making an investment in a business.
Read more about business loans here:
brainly.com/question/25855858
The answer is A. True
Well, basically all types of business organization need to follow a particular framework and provisions.
It help to prevent a future misconduct between partners, and to keep the company in the good side of the Law
Answer: The answer is provided below
Explanation:
a. The reconstructed journal entry has been prepared and attached.
b. The following are the effects it has on the investing section or the financing section of the statement of cash flows.
The first transaction will lead to a cash inflow of $8,000 from the investing activities.
The second transaction is non-cash transaction therefore, it will not be reported in either the financing or the investing activities.
The third transaction will lead to a cash inflow of $2,000 from the financing activities.
The fourth transaction will lead to a cash outflow from the financing activities.
Thw diagram has been attached.
A permit gives authorization to allow someone to do something.
A license allows the use of something or to allow an activity.
A loan is to borrow (money or property)
A patent is the right granted by government to an inventor to sell, manufacture, or use an invention for a certain number of years.
Which means the answer would be D. Patent
