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Question
Complete the sentence.
When goods are delivered by supplier to customer on basis of deferred payment it is called as ______
Solution
When goods are delivered by supplier to customer on basis of deferred payment it is called as Trade Credit.
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RELATED QUESTIONS
Write a word or a term or a phrase which can substitute the following statement.
Credit extended by the suppliers with an intention to increase their sales.
State whether the following statement is true or false.
Trade credit is major source of long term finance.
Select the correct option from the bracket.
|
Group 'A' |
Group B' |
|
a) Equity shares |
1) ____________ |
|
b) ____________ |
2) Dividend at fixed rate |
|
c) Debentures |
3) ____________ |
|
d) ____________ |
4) Accumulated corporate profit |
|
e) Public Deposit |
5) ____________ |
(Fluctuating rate of dividend, Preference shares, Interest at fixed rate, Retained earnings, Short term loan)
Explain the following term/concept.
Trade credit
Answer in brief.
What is trade credit?
Justify the following statement.
Trade credit is not cash loan.
Justify the following statement.
Trade credit is the soul of business.
