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  • Credit and Collection 2

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    Jaimee Velchez
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    Credit consists of advances that have been made to a business enterprise to enable it to purchase or construct the necessary plant and equipment. Long-term obligations in the form of promise to pay at a future time in exchange for the money which is borrowed.

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    Credit consists of advances that have been made to a business enterprise to enable it to purchase or construct the necessary plant and equipment. Long-term obligations in the form of promise to pay at a future time in exchange for the money which is borrowed.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    429 views8 pages

    Credit and Collection 2

    Uploaded by

    Jaimee Velchez
    Credit consists of advances that have been made to a business enterprise to enable it to purchase or construct the necessary plant and equipment. Long-term obligations in the form of promise to pay at a future time in exchange for the money which is borrowed.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    Classes and Kinds of Credit

    PROF. JUNNELL E. GUIA

    Mercantile Credit

    Retail Credit

    Bank Credit

    Investment Credit
    It consists of advances that have been made to a business enterprise to enable it to purchase or construct the necessary plant and equipment.

    Long-term obligations in the form of promise to pay at a future time in exchange for the money which is borrowed.

    Maturity is determined by the life of the assets.

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