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SOF

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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November 16, 2014 at 10:38 am #210401
Ashwin
Member
- Topics: 30
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sir
why do we say overdrafts and payables are free sources of finance?
clear me on this john
November 16, 2014 at 4:37 pm #210472
John Moffat
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- Topics: 57
- Replies: 54751
Payables are free courses of finance – we take free credit from suppliers and the payables help to finance the current assets.
Overdrafts are not free sources of finance – there is interest to pay on the overdraft.
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