What Is Trade Credit

question 81

Multiple Choice

What is trade credit?

• A)the credit that a firm is extends to its customers
• B)the amount a firm is owed by its customers who have received goods and services but have not yet paid for them
• C)the percentage discount offered to a customer who opts to pay their account early
• D)the amount that a firm owes its suppliers for goods which it has received but for which it has not yet paid.

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