Business Studies, asked by ankit779, 1 year ago

what is mean by short term finance?
name and explain any two of them​

Answers

Answered by LilyK
1

Short term finance refers to financing needs for a small period normally less than a year. In businesses, it is also known as working capital financing. ... In most cases, it is used to finance all types of inventory, accounts receivables etc. At times, only specific one time orders of business are financed.

The two types are

Bank overdraft. Trade Credit

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