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Questions and Answers
What is included in borrowing costs?
What is included in borrowing costs?
- Interest on bank overdrafts and borrowings (correct)
- Interest on savings accounts
- Interest on personal loans
- Interest on credit cards
What types of borrowings are included in borrowing costs?
What types of borrowings are included in borrowing costs?
- Mortgages only
- Short term and long term borrowings (correct)
- Credit card debt only
- Personal loans only
What are finance charges related to in borrowing costs?
What are finance charges related to in borrowing costs?
- Assets purchased outright
- Assets acquired through a loan
- Assets acquired under finance leases or under any other similar arrangement (correct)
- Assets acquired through a lease agreement
