Question

what do you understand by trade credit? give two limitations ​

Answer 1

Answer:

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Explanation:

A trade credit is an agreement or understanding between agents engaged in business with each other that allows the exchange of goods and services without any immediate exchange of money

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Answer 2

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Trade credit means many things but the simplest definition is an arrangement to buy goods and/or services on account without making immediate cash or cheque payments. Trade credit is a helpful tool for growing businesses, when favourable terms are agreed with a business's supplier.

Explanation:

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