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Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipBusiness Finance and Arithmetic1 Mark
Question
What do you mean by buying on credit?
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Answer

Buying on credit means that the buyer will purchase a product/ goods from a seller/ supplier and not pay the due amount immediately to seller. The buyer makes the payment at a later date.

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