Which of the following is the practice of one firm selling to another on credit terms?...
Which of the following is the practice of one firm selling to another on credit terms?
Multiple Choice
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Accounts payable
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Accounts receivable
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Barter transactions
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Trade credit
Homework Answers
Trade credit is a practice of selling goods on credit by one firm to another.
It is a practice in which a firm allows another to buy goods now and pay on a later date.
So correct answer is Trade credit
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