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+1 vote
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Rajiv fashion, a reputed garment manufacturing unit needs to find its day to day expenses like wages, rent, given them credit for two months, so that he can get cloth for making garments without making immediate payment. The supplies made an enquiry regarding Rajiv and found that his reputation of giving payment is mot very good. In past the lenders were not very happy.
(a) What source of finance Rajiv is grant credit to Rajiv fashion house ?

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(a) Trade Credit.
No, as his past payment record is not good and he is not enjoying good reputation.

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