Short Term Sources of Finance — Practice Quiz
Telangana Open School (TOSS) · Class 12 · Business Studies
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Quick Quiz: Short Term Sources of Finance
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What is the main purpose of short-term finance in a business?
Which of the following is a component of working capital?
What is the typical duration for short-term finance?
Which of the following is NOT a source of short-term finance?
Sample Questions
What does working capital equal?
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Current assets minus current liabilities
Working capital is calculated as current assets minus current liabilities. It shows the liquidity available for daily operations.
Which of the following is a current liability?
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Bills payable
Bills payable are short-term obligations to be paid within a year, making them current liabilities.
Trade credit is generally provided by:
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Suppliers of goods
Trade credit is the credit extended by suppliers of raw materials or goods to the buyer, allowing payment after a certain period.
Which of the following is a merit of short-term finance?
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Economical to arrange
Short-term finance is relatively economical because it can be arranged quickly and with lower interest costs compared to long-term loans.
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