What is trade finance
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Answer / azeem gill
All those loan facilities provided by the lenders (usually
banks) to support the trade activity mainly import or
export of goods are individually called trade finance.
e-g Letter of Credit,Letter of Guarantee, Finance against
imported marchandise
| Is This Answer Correct ? | 47 Yes | 8 No |
Answer / guest
trade finance is selling goods from one point to anther
point also included impor and emxpor
| Is This Answer Correct ? | 31 Yes | 18 No |
Answer / srinivas.s
Trade finance is the monitory fund which helps the business to carry out the daily/recurring activities like,purchase of raw-mat etc.
| Is This Answer Correct ? | 12 Yes | 12 No |
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A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000
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