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Sources Of Business Finance

Question

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What is trade credit ?

Solution

Trade credit is the credit extended by one trader to another trader for the purchase of goods and services.

Some More Questions From Sources of Business Finance Chapter

Give meaning of owner’s capital.

Give meaning of borrowed capital.

Give meaning of long-term finance.

Give meaning of medium-term finance.

Give meaning of short-term finance.

Define shares.

Give the types of shares.

Define preference shares.

Give meaning of equity share.

Give the meaning of debenture.

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