Saved Bookmarks
| 1. |
Mr. Shashi is a factory-owner and he pays wages to his workers within first 10 days of every month and himself receives payment of the business only after the 20th day of every month therefore, he is facing difficulty in paying wages. If he opens a new loan account, then which type of loan facility should he go for? a) Current account b) Overdraft c) Short-term loan d) Cash credit |
|
Answer» Correct answer is d) Cash credit |
|