The two major sources of short-term financing are ________.
A) a line of credit and notes payable
B) accounts payable and accruals
C) a line of credit and term loans
D) accounts receivable and notes payable

Question

Quizplus · Accepted Answer

The two major sources of short-term financing are accounts payable and accruals, as these are obligations that companies need to pay off in the short term, typically within a year, and do not usually involve the formalities of a written agreement or interest payments like lines of credit or notes payable might.

The Two Major Sources of Short-Term Financing Are ________