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What are the benefits enjoyed by a trader who does not sell on credit?

List the benefits enjoyed by a trader who does not sell on credit.

Answers


Maurice
(i) He/ she does not suffer cash flow shortage/ working capital is readily available.

(ii) Does not waste time following customers to pay.

(iii) Does not suffer from bad debts.

(iv) Does not spend money on debt collection.

(v) Does not incur cost of keeping records of debtor.
maurice.mutuku answered the question on July 24, 2017 at 06:12

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