When credit is granted to a firm, it is called:
A)consumer credit.
B)trade credit.
C)accounts receivable.
D)all of the above.
E)b and c

Question

Quizplus · Accepted Answer

Trade credit refers to the credit extended by suppliers to businesses, allowing them to purchase goods or services on account, while accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Both are forms of credit granted to a firm.

When Credit Is Granted to a Firm, It Is Called