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Sources Of Business Finance

Question

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Give meaning of trade credit.

Solution

Trade credit is the credit extended by one trader to another for the purchase of goods and services. Trade credit facilitates the purchase of supplies without immediate payment such credit appears in the records of the buyer of goods as ‘sundry creditors’ or ‘accounts payable’.

Some More Questions From Sources of Business Finance Chapter

Define shares.

Give the types of shares.

Define preference shares.

Give meaning of equity share.

Give the meaning of debenture.

Define “Ploughing back of profits”.

Give meaning of trade credit.

Explain Bank Credit.

Give meaning of Lease Financing.

Give meaning of public deposit.

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