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

Question

Quizplus · Accepted Answer

Credit terms refer to the agreement between a buyer and a seller on the timing and conditions of payment for goods or services. This includes details such as the due date for payment and any potential discounts for early payment.

The Arrangements Between Buyer and Seller as to When Payments