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 of the following types of account?

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An open charge account allows customers to make purchases and be billed later, often with a set payment due date. This is the most common type of account for businesses that offer delayed billing options. Installment accounts typically involve a set payment plan over a fixed period of time, while revolving charge accounts allow customers to make purchases on credit and make payments over time with interest. A selective account does not exist as a recognized type of credit account.

Stone Creek Farm Sells a Special Type of Hay to Horse