मराठी
महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Explain the following term/concept. Trade credit - Secretarial Practice

Advertisements
Advertisements

प्रश्न

Explain the following term/concept.

Trade credit

टीपा लिहा

उत्तर

(a) Trade Credit refers to the facilities or credit extended by the manufacturer, wholesalers, and suppliers of goods to the purchaser but receives payment after the credit period from the date of purchase. Manufacturers, wholesalers, and suppliers of goods or materials are called Trade Creditors'.

(b) This practice is done by a business concern with an intention to increase its sales or turnover, generate additional business and maintain good relations with the purchasers.

shaalaa.com
Sources of Borrowed Capital - Trade Credit
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Sources of Corporate Finance - Exercises [पृष्ठ ३७]

APPEARS IN

बालभारती Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
पाठ 2 Sources of Corporate Finance
Exercises | Q 2. 5. | पृष्ठ ३७
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×