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Working capital is a necessary requirement for any type of business activity. Banks in India nowadays constitute the main suppliers of working capital credit to any type of business activity. Recently, though, several term lending financial institutions have also declared schemes for working capital financing.
Bank Overdrafts
Short-term borrowing of the type made available principally through the clearing banks in the appearance of overdrafts is extremely flexible. While the borrowed funds are no longer needed they can quickly and easily be fast. This is also comparatively inexpensive. The banks will enforce limits on the amount they can lend.
Review the roles of management accounting within a company. 1.What is the most important role of management accounting? 2.How is that different than financial accounting? 3.What is
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