Suppliers line of credit, Managerial Accounting

In this scheme, non-revolving line of credit is extended to the seller to be utilized inside a stipulated period. Assistance is provided to manufactures for promoting sale of their industrial equipments on deferred payment origin. While conversely, this credit facility can be availed of through actual users for purchase of plant or equipment for replacement of modernization scheme merely.

Posted Date: 4/9/2013 3:10:45 AM | Location : United States







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