Question

what is trade credit? for 1 mark

Answer 1

$<b>$HEY MATE........!
HERE IS THE ANSWER.....

TRADE CREDIT :

Trade credit is the credit extended by one trader to another when the goods and services are bought on credit. Trade credit facilitates the purchase of supplies without immediate payment. Trade credit is commonly used by business organisations as a source of short-term financing. It is granted to those customers who have a reasonable amount of financial standing and goodwill.

HOPE IT HELPS.....
BY SHIVAM SHAURYA

Answer 2

TRADE CRETID IS A CREDIT EXTENDED BY ONE TRADER TO ANOTHER WHEN THE GOOD SERVICES ARE BROUGHT ON CREDIT. TRADE CREDIT FACLITIES THE PURPHASE OF SUPPLPS WITHOUT IMEEIDATE PAYMENT TRADE CREDIT IS COMMONLY USED BY BUSSIENES ORGASTIONS AS A SOURCE OF SHORT TERM FINACING