When Credit Is Offered with Only the Invoice as a Formal

question 6

Multiple Choice

When credit is offered with only the invoice as a formal instrument of credit, the credit procedure is called:

• A) invoice account.
• B) open account.
• C) unsecured account.
• D) unsecured note.

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Definitions:

Formula Copy

Copying an equation or formula in software applications in such a way that the references adjust relative to the position of the new copy.

System Date

The current date as recognized and displayed by an operating system or software application.

NOW Function

The NOW function is a formula used in spreadsheet applications to return the current date and time.

Default Option

A pre-selected choice or setting in software or devices, used unless another option is specified by the user.