"Credit is useful as well as harmful, it depends on the risk involved". Support the statement.

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Since Business needs funds for smooth working & for Growth and expansion.Credit is useful for meeting funds requirement of Business. On the Same point Credit is harmful because if the earnings of Business is not stable it cannot meets its fixed Interest charges hence can lose its credit worthines...
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Since Business needs funds for smooth working & for Growth and expansion.Credit is useful for meeting funds requirement of Business. On the Same point Credit is harmful because if the earnings of Business is not stable it cannot meets its fixed Interest charges hence can lose its credit worthiness. read less
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