Q1 B of 23 Page 145

Fill in the blanks with appropriate words in the following statements.

‘The suppliers of goods raise credit from the buyers,’ it is called ____________.


Trade

Explanation: The supplier of goods raise credit from the buyer for trade. It is to make the business running continuously, and the payments are collected in instalments.


More from this chapter

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1 A

Fill in the blanks with appropriate words in the following statements.

Business enterprises require two types of finance, they are ___________ and ___________.


 1 C

Fill in the blanks with appropriate words in the following statements.

The business concerns raise credit to carry out day to day affairs and is called ___________.


 1 D

Fill in the blanks with appropriate words in the following statements.

For immediate needs the business institutions get credit from ____________.


 1 E

Fill in the blanks with appropriate words in the following statements.

The capital of joint-stock companies is divided into small units. They are called ___________.