Q1 C of 23 Page 145

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 ___________.


Loan

Explanation: The business concerns raise credit in the form of loan from the bank to handle day to day expenses. Most businesses face time delays between their sales and the payments for their sales and so to compensate for the gap they take loans.


More from this chapter

All 23 →
1 A

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

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


 1 B

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

‘The suppliers of goods raise credit from the buyers,’ it 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 ___________.