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Credit Facility is an agreement with bank that enables a person or organization to be taken credit or borrow money when it is needed. All types of credit facilities may broadly be classified into two groups on the basis of Funding 1. Fund Base Credit 2. Non Fund Base Credit 1

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RISHI GOYAL is a practicing chartered accountant in National Capital Region of the country and working in Auditing and taxation. His article on taxation matters publish in newsletter of Noida Branch of ICAI and on various web portals.


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