Accounting MCQ
Accounting
An informal agreement that allows a company to borrow up to a prearranged limit without having to follow formal loan procedures and prepare paperwork is known as:
An informal agreement that allows a company to borrow up to a prearranged limit without having to follow formal loan procedures and prepare paperwork is known as:
An informal agreement that allows a company to borrow up to a prearranged limit without having to follow formal loan procedures and prepare paperwork is known as:
A) A line of credit.
B) Commercial Paper.
C) A debt covenant.
D) Working capital.
Answer: A
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