When credit is granted to another firm this gives rise to a(n):
I. Accounts receivable
II. COD
III. CBD

Name: When credit is granted to another firm this gives rise to a(n): I. Accounts receivable II. COD III. CBD
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Question

Quizplus · Accepted Answer

When credit is granted to another firm, it gives rise to an accounts receivable, which is an asset representing the amount owed to the firm by the customer. COD (cash on delivery) and CBD (cash before delivery) are not relevant in this scenario as they do not involve granting credit.

When Credit Is Granted to Another Firm This Gives Rise