Vargas Joseph
10/18/2023 · Primary School
Nhlanhla borrowed the sum of R450 000 from his bank to pursue a dream he had nursed for years. A \( 15 \% \) interest is payable by Nhlanhla to the bank. In the bank's records, she has a.- due to the bank. A. Inventory B. Asset C Capital D. Liability
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In this context, the amount that Nhlanhla borrowed from the bank (R450,000) represents a financial obligation that he must repay. This obligation is classified as a liability on the bank's balance sheet.
Therefore, the correct answer is:
**D. Liability**
Quick Answer
The correct answer is D. Liability.
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