Which of the following transaction(s)involve(s)credit?
A)COD
B)COD and CBD
C)CBD
D)2/30, net 60 and 2/10, EOM, net 60

Name: Which of the following transaction(s)involve(s)credit? A)COD B)COD and CBD C)CBD D)2/30, net 60 and 2/10, EOM, net 60
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Both 2/30, net 60 and 2/10, EOM, net 60 involve credit terms, as the buyer is allowed to delay payment beyond the time of the purchase. COD (cash on delivery) and CBD (cash before delivery) involve immediate payment and no credit.

Which of the Following Transaction(s)involve(s)credit