Explain the importance of trade credit and accruals as sources of working capital.
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Explain the importance of trade credit and accruals as sources of working capital. ... Trade credit refers to the credit that a customer gets from suppliers of goods in normal course of business. This deferral of payments is a short-term financing and a major source of finance
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Trade credit refers to the credit that a customer gets from suppliers of goods in normal course of business. This deferral of payments is a short-term financing and a major source of finance.
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