Loan and Mortgage | SpringerLink

Summary

The inventory accounts “Receivables” and “Liabilities”, which we used to have in our business transactions, are always the ongoing normal and short-term business relationships with our customers and suppliers; Purchases and sales of goods on credit had to be paid for after two to three months at the latest. However, if there are long-term claims and liabilities to banks and other business friends, the repayments of which can extend for years, it is advisable to create special accounts for this purpose, e.g. B. for given or received loans or for a taken out mortgage, in which land and buildings serve as security for the lender. (Entry of the encumbrance in the land register!)