{"id":105405,"date":"2021-02-01T15:41:17","date_gmt":"2021-02-01T10:11:17","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=105405"},"modified":"2024-04-12T14:28:35","modified_gmt":"2024-04-12T08:58:35","slug":"installment-credit","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/installment-credit\/","title":{"rendered":"Installment Credit"},"content":{"rendered":"\n

In this method, the assets are purchased and the possession of goods is taken immediately but the payment is made in installments over a pre determined period of time. Normally, interest is charged on the unpaid price or it may be adjusted in the price.<\/p>\n\n\n\n

Advances<\/strong><\/p>\n\n\n\n

Generally firms manufacturing industrial products having long production cycle prefer to take advances from their customers against their orders. It is the cheapest short term source of finance , thus enables firms to minimize their investment in working capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

In this method, the assets are purchased and the possession of goods is taken immediately but the payment is made in installments over a pre determined period of time. Normally, interest is charged on the unpaid price or it may be adjusted in the price. Advances Generally firms manufacturing industrial products having long production cycle…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-105405","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nInstallment Credit - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/installment-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Installment Credit - Tutorial\" \/>\n<meta property=\"og:description\" content=\"In this method, the assets are purchased and the possession of goods is taken immediately but the payment is made in installments over a pre determined period of time. 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