Stone Creek Farm sells a special type of hay to horse owners.If the farm allows its customers to have hay delivered and then be billed at a later date,it would be using which type of account?.

Question

Quizplus · Accepted Answer

An open charge account allows customers to make purchases on credit and then be billed later. This is commonly used in industries like farming and agriculture where customers may need to purchase products (like hay) on credit and pay at a later date.

Stone Creek Farm Sells a Special Type of Hay to Horse