Question

Jupiter Limited is a well known manufacturer of garments. Recently, company was short of funds for meeting its day-to-day expenses. So, the company approached one of its suppliers to grant 60 days credit on purchase of raw material. On the basis of creditworthiness of Jupiter Limited, the supplier granted the credit. Identify the source of finance highlighted in the given case. Also state its two features.​

Answer 1

Answer:

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Explanation:

Jupiter Limited is a well known manufacturer of garments. Recently, company was short of funds for meeting its day-to-day expenses. So, the company approached one of its suppliers to grant 60 days credit on purchase of raw material. On the basis of creditworthiness of Jupiter Limited, the supplier granted the credit.

Answer 2

Jupiter Limited is a well known manufacturer of garments. Recently, company was short of funds for meeting its day-to-day expenses. So, the company approached one of its suppliers to grant 60 days credit on purchase of raw material. On the basis of creditworthiness of Jupiter Limited, the supplier granted the credit.