Examlex
Which of the following statements about C3 is NOT correct?
Freight
The charge paid for the transport of goods by sea, air, or land, typically from the supplier to the receiver, influencing the cost of goods sold and inventory valuations.
Discount Period
The time frame in which a payment can be made at a discounted price, usually before a specified due date.
Inventory
The goods and materials that a business holds for the purpose of resale or use in production.
Credit Terms
Conditions under which credit is extended by a seller to a buyer, detailing the repayment period, interest rate, and other terms of payback.
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