What is trade credit?
| ♥ 0 |
What is trade credit? |
Answer and Explanation
Explanation
Trade credit also known as accounts payable, is the amount that the company will pay in the future for the goods that are purchased on credit. Moreover, the company does not pay any interest on such deferment of payment.
Verified Answer
Trade credit a type of short-term credit allowed by one trader to another if the goods or services are bought on credit.
Purchase this answer to view it.
Click the button to login/signup and buy full solution at 2 USD only.
The Best Research Paper Writing Service
Would you want to pay someone to write your paper professionally from scratch? 100% Original and 0% AI Content!.
🎓 Write my Essay
📚 Write my Persuasive Essay
📋 Humanize AI Content for Turnitin
💻 Write my Reflective Essay
📑 Write my Research Paper
📜 Write my Thesis Paper
📘 Write my Dissertation
📋 Write my Case Study
📝 Write my Online Exam
✒️ Write my Term Paper