SOF

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 16, 2014 at 10:38 am #210401
Ashwin
Member
- Topics: 30
- Replies: 18
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
Keymaster
- Topics: 57
- Replies: 54856
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.