English, asked by sapnasarkar861, 1 month ago


Trade credit is major source of long term finance true or false​

Answers

Answered by ITZMEGOVARDHANREDDY
0

Answer:

false.

Explanation:

Trade credit is a major source of short-term business financing. The buyer enters the credit on its books as an account payable. In effect, the credit is a short-term loan from the seller to the buyer of the goods and services

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