what is purpose served by short term finance? class 11th​

Answers 2

Explanation:

Short-term finance is required for a short-period upto one year. It refers to funds needed to meet day-to-day requirements and for holding stocks of raw materials, spare parts, etc. to be used for current operations.

The Short-term finance is required for a short period upto one year. This refers that the funds needed to meet day-to-day requirements and for holding stocks of raw materials and spare parts of any product .

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