Question

of short term
finance
Long Answer questions
1. Explain trade credit and bank credit as sources of sho
for business enterprises.
ustrial enterprise can raise
ces from which a large industrial enter​

Answer 1

Answer:

Trade credit appears in the records of the buyer of goods as 'sundry creditors' or 'accounts payable'. It is granted prudently to those customers who have reasonable amount of financial standing and goodwill. ... Bank credit is not a permanent source of funds and is generally used for medium to short periods

Explanation:

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