Business Studies, asked by pandeygunjan981, 1 month ago

what is trade credit and bank credit? explain their merits and demerits

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Answered by lakshmiprakash04

Answer:

Explanation:

Explain the merits and demerits of trade credit. Merits of trade credit are as follows: ... Trade credit is convenient and continuous source of funds. 2. Trade credit may be readily available in case the credit worthiness of the customers is known to the seller.

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