ICSE BoardEnglish MediumSTD 10EconomicsPublic Debt2 Marks
Question
How does net debt differ from gross debt?
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Answer
Gross Debts : The sum total of all the debts outstanding at any time is called gross debt. Net Debts : On the other hand, net debt is the balance amount of debt (gross debt) after exclusion of sinking fund and other assets meant for repayment of loans.
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