Question

explain about cash credit ?
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Answer 1

Here is your answer:-

A Cash Credit (CC) is a short-term source of financing for a company. In other words, a cash credit is a short-term loan.

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Answer 2

Answer:

A Cash Credit (CC) is a short-term source of financing for a company. In other words, a cash credit is a short-term loan. ... It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit.

Explanation:

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