Question
Trade Credit is a major source of _____ finance for most business whether small or big.
Trade Credit is a major source of _____ finance for most business whether small or big.
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Solution
The correct option is C Working capital
Trade credit can
be defined as delay of payment permitted by the creditor or supplier of
raw materials, consumables etc. against the goods purchased from him. Trade Credit is a major source of working capital finance for most business whether small or big.
Trade credit can be defined as delay of payment permitted by the creditor or supplier of raw materials, consumables etc. against the goods purchased from him. Trade Credit is a major source of working capital finance for most business whether small or big.
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