The arrangements between buyer and seller as to when payments for merchandise are to be made are called
A) credit terms
B) net cash
C) cash on demand
D) gross cash

Question

Quizplus · Accepted Answer

Credit terms refer to the agreed-upon timeline and conditions for making payments for merchandise. Net cash refers to payment in full at the time of purchase, cash on demand refers to immediate payment upon receipt of merchandise, and gross cash is not a commonly used term in accounting or finance.

The Arrangements Between Buyer and Seller as to When Payments