Wednesday, May 5, 2010

What are the advantages and disadvantages of the following as items for bank security?

a) freehold land

b) leasehold

c)plant and equipment

d)furnitures

e)inventory

f)share certificates

g)people

h) life insurance

i) bank deposits

and how you minimize these disadvantages?


a. adds value to your books.

you must pay property tax and keep it free of weeds

b. you can use it

you must pay the lease

c. you get to use them to run your business

you pay for any mortgages and repairs

d. you get to be comfortable

they cost money and they wear out

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