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What are the major assets and liabilities, held by finance companies?

Question:

What are the major assets and liabilities, held by finance companies?

Finance Companies

Finance companies are primarily concerned with provision of money, they makes loans to individuals and business. Finance companies however do not take customer deposits like banks neither do they offer other variety of services that banks do.Examples of finance companies are the personal and business credit institutions.

Answer and Explanation:

The major assets for a finance company is the personal and business loans, account receivables(debtors)

Major liabilities are bank loans(both short term and long term) and the account payable (creditors)


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What Is Financing? - Definition & Types

from Corporate Finance: Help & Review

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