Q2 C of 23 Page 145

Answer the following questions in two to three sentences each.

Mention any four sources of short term credit required by business concerns?


The few sources of short term credit are

• Trade credit


• Bank loan


• Advance form Customer


• Indigenous Bank loans


More from this chapter

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2 A

Answer the following questions in two to three sentences each.

What is the meaning of financial management ?


 2 B

Answer the following questions in two to three sentences each.

Which are the two types of finance required by the business concerns ? Give examples.


 2 D

Answer the following questions in two to three sentences each.

Why business concerns require short term finance?


 2

Answer the following questions in two to three sentences each.

What do you mean by long term finance?