Question

Mention any four sources of short term credit required by business concerns?

Answer 1

Banks can be an invaluable source of short termworking capital finance.

Overdraft Agreement: ...

Accounts Receivable Financing: ...

Customer Advances: ...

Selling Goods on Installment: ...

Long-Term Loan from a Bank: ...

Retain Profits: ...

Issue Equities and Debentures:

Answer 2

This article throws light upon the ten main sources of short-term fund. The sources are: 1. Indigenous Bankers 2. Trade Credit 3. Installment Credit 4. Advances 5. Factoring 6. Accrued Expenses 7. Deferred Incomes 8. Commercial Paper 9. Commercial Banks 10. Public Deposits.

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