When a company gives credit to a customer, it may create which of the following?

Name: When a company gives credit to a customer, it may create which of the following?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a company gives credit to a customer, it can create either an installment account, where the customer pays back in fixed amounts over a period, or an open account, which is more flexible and often used in ongoing business relationships. A retainer account is not typically associated with credit given to customers in this context.

When a Company Gives Credit to a Customer, It May