Phil's Print Shop grants its customers the right to pay for their print jobs within 30 days of the ROG. Thus, the customers' credit period begins when they:
A) review and approve the print order.
B) renew their contract on a revolving print order.
C) reorder a previously approved print job.
D) receive their print jobs.
E) request a new job be printed.

Question

Quizplus · Accepted Answer

The credit period begins when the customers receive their print jobs, as this is when the transaction is considered complete and the payment period starts. The other options do not necessarily trigger the start of the credit period as they do not involve the completion of a transaction.

Phil's Print Shop Grants Its Customers the Right to Pay