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What is source of credit?

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Anonymous

8y ago
Updated: 2/21/2022

Formal sources of credit are those sources that provide credit in a transparent and regulated manner. Some formal sources of credit include:

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Amari Carter

Lvl 10
3y ago

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Related Questions

What does it mean to credit a source?

give credit to something


Source of rural credit?

discuss the difference sources of rural credit


What is generally the largest source of short-term credit small firm?

Trade Credit


What is generally the largest source of short term credit small firms?

Trade Credit


What are the terms of formal and informal sources of credit?

Formal source is a Bank loan, Credit Cards. Informal Source - Cash money lent out by Gangsters .


Failure to give credit to a source is known as?

Failing to give credit the source for using the source's material in a paper, speech, etc. is considered a form of plagiarism. If that source material is protected by copyright, the individual can be liable for financial damages if the source decides to pursue the issue.


What gives credit to source in a research report?

A citation


What is the source document for the debtors journal?

Credit note


What is-Formal source of credit?

Formal sources of credit are those sources that provide credit in a transparent and regulated manner. Some formal sources of credit include:


Is an application for credit considered a source document?

A source document is one that originates and provides proof of a financial transaction. My guess is if the amount approved is not indicated on there it is considered correspondence. For bookkeeping purposes though, the source document would be specific check or credit card indicating the amount of credit.


Why is trade credit generally the largest source of short term credit for small firms?

Well, trade credit would be credit extended by suppliers (I guess). So, if in fact it is the largest source of short term credit, it would be because it is easier to get credit from people that want to sell you something than from someone that lends money (the potential profit warrants the risk).


What is the source document for debtors allowance journal?

Credit note