Business Studies, asked by NeverMind11, 11 months ago

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Q. PLEASE EXPLAIN CASH CREDIT.

Answers

Answered by mahira15

Explanation:

Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit which is fixed by the commercial bank. The interest on this facility is charged on the running balance and not the borrowing limit which is given by bank.

Answered by Anonymous

Answer:

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Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit which is fixed by the commercial bank. The interest on this facility is charged on the running balance and not the borrowing limit which is given by bank.

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HEYA FRNDS.... GOOD MORNINGMAY I HAVE UR ATTENTION PLEASE...Q. PLEASE EXPLAIN CASH CREDIT. ​

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HEYA FRNDS.... GOOD MORNING

MAY I HAVE UR ATTENTION PLEASE...

Q. PLEASE EXPLAIN CASH CREDIT.