Which of the following statements about extending credit is not true?
A)It is common for companies to sell on account to other companies.
B)Some companies extend credit to individual consumers.
C)Bad debts arise from credit sales to individual consumers,but not from credit sales to other companies.
D)When credit is available,customers often buy more products and services.

Question

Quizplus · Accepted Answer

Bad debts can arise from both credit sales to individual consumers and credit sales to other companies.

Which of the Following Statements About Extending Credit Is Not