Match the following.You may use a response once,more than once,or not at all.
Definitions:
Credit Terms
Conditions under which credit is extended by a seller to a buyer, including payment period, discount for early payment, and late penalty.
Accounts Payable
Liabilities or amounts owed to creditors for goods and services received but not yet paid for.
Merchandise Inventory
The goods a company holds for the purpose of sale to customers.
Merchandise Inventory
Goods or products on hand that are available for sale by a retailer or wholesaler.
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