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Define trade credit. - Business Studies

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Question

Define trade credit.

Definition
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Solution

Trade credit is the credit extended by one business firm to another as incidental to sale or purchase of goods and services.

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Chapter 18: Sources of Business Finance - EXERCISES [Page 269]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 18 Sources of Business Finance
EXERCISES | Q II. 6. | Page 269
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