Business Studies, asked by aayush0402, 4 months ago

why is cash credit given to business person?

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Answered by faryalshaikh

0

Hope it helps you. .. ..... ...

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Answered by ItzMissKomal

3

ANSWER...

Cash credit is a great source for business people to help meet sudden financial crises so that the business activity doesn't stop. Interest is charged basis the amount is withdrawn and not the entire limit, this helps lower the interest cost

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