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Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipBusiness Finance and Arithmetic1 Mark
Question
'Cash forms the basis of credit'. Do you agree?
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Answer

Yes, I agree. Even if the present transaction is on the basis of credit, then also it involves payment of cash at a later date.

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